NCUA Board to consider final rules on SRC, appeals; capital, stress testing proposal on tap

Two final rules, one dealing with appeals procedures and the other on the agency’s supervisory review committee, will be considered by the National Credit Union Administration Board at its open meeting Thursday (Oct. 19) in Alexandria, Va.

Additionally, the board will consider a proposed rule (under Part 702 of its regulations) on capital planning and supervisory stress testing. The board will also consider issuing a request for information on electronic loan, deposit and investment data collection.

NCUA issued a proposal on its supervisory review committee this summer to expand the subjects appealable to the committee and provide credit unions an option for additional review by the Director of NCUA’s Office of Examination and Insurance (E&I).

The final rule on the appeals process (also proposed this summer) recommends streamlining and replacing the process for appeals to the NCUA Board for those agency regulations that have existing embedded appeals processes. The procedures would apply in cases in which a decision rendered by a regional director or other program office director is subject to appeal to the board.

NCUA Board meeting agenda, Oct. 19