[Federal Register Volume 75, Number 79 (Monday, April 26, 2010)]
[Proposed Rules]
[Pages 21955-21957]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-8979]
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Part XXI
National Credit Union Administration
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###Semiannual Regulatory Agenda###
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NATIONAL CREDIT UNION ADMINISTRATION (NCUA)
_______________________________________________________________________
NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Ch. VII
Semiannual Regulatory Agenda
AGENCY: National Credit Union Administration (NCUA).
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: Pursuant to its ongoing policy of reviewing regulations, NCUA
is publishing a list of current and projected rulemakings, reviews of
existing regulations, and completed actions as of February 24, 2010, to
be included in the Unified Agenda of Federal Regulatory and
Deregulatory Actions.
DATES: This information is current as of February 24, 2010.
ADDRESSES: National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428.
FOR FURTHER INFORMATION CONTACT: For each regulation listed, the
person(s) named in the listing, at the above address, unless otherwise
noted, or listed telephone number.
SUPPLEMENTARY INFORMATION: The purpose of this agenda is to enable
credit unions and the public to follow regulatory development and
review at NCUA, and participate in that process more effectively.
Entries for the agenda appear in one of five possible categories:
prerule stage; proposed rule stage; final rule stage; completed/
withdrawn actions; or long-term actions.
The agenda is published pursuant to NCUA Interpretive Ruling
and Policy Statement Number 87-2, ``Developing and Reviewing
Government Regulations,'' 54 FR 35231 (September 18, 1987), as
amended by IRPS 03-2, 68 FR 31949 (May 29, 2003), which sets out
NCUA's policy and procedures for developing and reviewing its
regulations. NCUA's policy is to ensure that regulations impose
only the minimum required burdens on credit unions, consumers, and
the public; are appropriate for the size of the financial
institution they regulate; are issued only after full public
participation; and are clear and understandable. Further, NCUA
undertakes to review all regulations every three years to clarify
and simplify existing regulations and eliminate redundant and
unnecessary provisions.
Approved by the NCUA Board on February 24, 2010.
Mary Rupp,
Secretary of the Board.
National Credit Union Administration--Completed Actions
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Regulation
Sequence Title Identifier
Number Number
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412 Privacy of Consumer Financial Information............................................. 3133-AC84
413 Confidentiality of Suspicious Activity Reports........................................ 3133-AD61
414 Unfair or Deceptive Acts or Practices; Clarifications................................. 3133-AD62
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_______________________________________________________________________
National Credit Union Administration (NCUA) Completed Actions
_______________________________________________________________________
412. PRIVACY OF CONSUMER FINANCIAL INFORMATION
Legal Authority: 15 USC 6801 et seq
Abstract: NCUA issued an interagency rule on model privacy notices and
ways financial institutions can make them clear and conspicuous.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 12/30/03 68 FR 75164
ANPRM Comment Period End 03/29/04
NPRM 03/29/07 72 FR 14939
Correction 04/09/07 72 FR 16875
NPRM Comment Period End 05/29/07
ANPRM 07/01/09 74 FR 31529
ANPRM Comment Period End 08/31/09
Final Action 12/01/09 74 FR 62890
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Regina M. Metz, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314
Phone: 703 518-6561
Fax: 703 518-6569
Email: [email protected]
RIN: 3133-AC84
_______________________________________________________________________
413. CONFIDENTIALITY OF SUSPICIOUS ACTIVITY REPORTS
Legal Authority: 31 USC 5311 to 5330
Abstract: The agency has determined that it is unlikely to take further
regulatory action concerning the scope of confidentiality applicable to
filed Suspicious Activity Reports in the next year and is, therefore,
removing this rule from the Regulatory Agenda.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Withdrawn 02/24/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Ross P. Kendall, Trial Attorney, National Credit Union
Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6562
TDD Phone: 703 518-6332
Fax: 703 518-6569
Email: [email protected]
RIN: 3133-AD61
_______________________________________________________________________
414. UNFAIR OR DECEPTIVE ACTS OR PRACTICES; CLARIFICATIONS
Legal Authority: 15 USC 45; 15 USC 57a
Abstract: NCUA is withdrawing the substantive requirements of the UDAP
Rule as unnecessary due to the
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enactment of the Credit Card Accountability, Responsibility, and
Disclosure Act of 2009 (Credit CARD Act) on May 22, 2009, and
amendments to Regulation Z implementing the Credit CARD Act that will
become effective on February 22, 2010. For procedural reasons, the
substantive requirements of the UDAP Rule will be withdrawn effective
July 1, 2010, but it is NCUA's intent that only the technical
clarifications to part 706 become effective and that the substantive
requirements will not take effect.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 05/05/09 74 FR 20804
NPRM Comment Period End 06/04/09
Final Action 02/10/10 75 FR 6558
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Moisette I. Green, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6319
Email: [email protected]
RIN: 3133-AD62
[FR Doc. 2010-8979 Filed 04-23-10; 8:45 am]
BILLING CODE 7535-01-S