NCUA to hold emergency meeting on proposed interagency rule

The NCUA Board is set to hold a special meeting this Wednesday to consider a proposed interagency rule on the role of supervisory guidance. During its October meeting, the board voted to remove a request for information on the agency’s supervisory guidance and communication improvements from the agenda.

According to news reports, the meeting is being held for the NCUA to discuss and approve a proposed rule – informally issued last week by the federal financial regulators – clarifying that agency guidance “does not have the force of law.”

The meeting, set to begin at 2 p.m. Eastern, will be livestreamed via the agency’s website. The board will also hold a closed meeting to consider two personnel matters.

Additionally, the board announced that its Dec. 10 open and closed meetings have been rescheduled to Dec. 17.


continue reading »