In its final Regulatory Reform Task Force report (opens new window), the NCUA outlined its blueprint for implementing the agency’s regulatory reform agenda. To help stakeholders monitor the NCUA’s progress, the agency created this implementation tracker. Interested parties can view documents and actions taken, and can stay up-to-date on the blueprint’s timeline.
Updates to this page will occur monthly.
Regulatory Reform Agenda Progress – Tier 1
Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposal | Final Action |
---|---|---|---|---|---|
Corporate Credit Unions | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Emergency Mergers | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Securitization | Completed | Same as Report 2 | N/A | Safe Harbor Proposal (opens new window) | Safe Harbor Final Rule (opens new window) Securitization Legal Opinion (opens new window) |
Supervisory Review Committee | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Appeals | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Equity Distribution | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Capital Planning and Stress Testing | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Advertising | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Field of Membership | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Risk-based Capital Delay and Risk-based Capital Substantive | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Federal Credit Union Bylaws | Completed | Same as Report 2 | ANPR (opens new window) | Proposal (opens new window) | Final Rule (opens new window) |
Payday Alternative Loans | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Loans to Members a. Loan Maturity Limits b. Single borrower and Group of Associated Borrowers Limit |
Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Appraisals | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Fidelity Bonds | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Supervisory Committee Audits and Verification (Engagement Letter, Target Date of Delivery) | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Supervisory Committee Audits and Verification (Audit per Supervisory Committee Guide) | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Subordinated Debt (formerly Alternative Capital) | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR (opens new window) | Forthcoming | Forthcoming |
Designation of Low Income Status; Acceptance of Secondary Capital Accounts by Low-income Designated Credit Unions | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR (opens new window) | Forthcoming | Forthcoming |
Borrowed Funds from Natural Persons | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR (opens new window) | Forthcoming | Forthcoming |
Payment on Shares by Public Units and Nonmembers | Completed | Same as Report 2 | N/A | Proposal (opens new window) | Final Rule (opens new window) |
Compensation in Connection with Loans | ANPR Issued | Same as Report 2 | ANPR (opens new window) | Forthcoming | Forthcoming |
CUSOs | Delayed | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Loan Interest Rate, Temporary Rate | Delayed | Same as Report 2 | Forthcoming | Forthcoming | Forthcoming |
Regulatory Reform Agenda Progress – Tier 2
Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposed Rule | Final Rule |
---|---|---|---|---|---|
Investment and Deposit Activities | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Loan Participations | Proposed Rule in Q4 2019 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Purchase, Sale, and Pledge of Eligible Obligations | Proposed Rule in Q4 2019 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Purchase of Assets and Assumption of Liabilities | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Third-Party Due Diligence Requirements and Third-Party Servicing of Indirect Vehicle Loans | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Payout priorities in Involuntary Liquidation | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Regulatory Reform Agenda Progress – Tier 3
Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposed Rule | Final Rule |
---|---|---|---|---|---|
Preemption of State Laws (Loans to Members and Lines of Credit to Members) | 2020/2021 | Same as Report 2 | Forthcoming | Forthcoming | Forthcoming |
Treasury Tax and Loan Depositaries and Financial Agents of the Government | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Leasing | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Central Liquidity Facility | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Maximum Borrowing Authority | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Special Reserve for Nonconforming Investments | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Security Program, Report of Suspected Crimes, Suspicious Transactions, Catastrophic Acts, and Bank Secrecy Act Compliance | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Records Preservation Program and Appendices—Record Retention Guidelines; Catastrophic Act Preparedness Guidelines | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |