Compensation in Connection with Loans to Members and Lines of Credit to Members

Title:
Compensation in Connection with Loans to Members and Lines of Credit to Members
Subject: Compensation
Agency: NCUA
Status: ANPR
Summary:
The NCUA Board (Board) is issuing this advance notice of proposed rulemaking (ANPR) to solicit comments on ways to improve the agency’s regulations limiting a credit union official’s and employee’s compensation in connection with loans to members and lines of credit to members. These regulations have generated confusion and are likely outdated, burdensome, and at odds with industry standards. The Board is particularly interested in obtaining commenter feedback on how it can provide flexibility with respect to senior executive compensation plans that incorporate lending as part of a broad and balanced set of organizational goals and performance measures.
FR Doc:
Date proposed: April 18, 2019
Comments due date:

June 24, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

Voting 3-0, NCUA Board issues ANPR on how to modernize credit union loan-related compensation rules

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