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Comments due: NCUA (acquisitions, proposed rule)
Comments are due to the National Credit Union Administration (NCUA) on its proposed rule to add regulatory language governing credit unions’ acquisitions of bank assets. The proposal, released Jan. 23, would add subpart D to part 708a of the agency’s regulations. The aim is to clarify and make transparent the procedures and requirements currently in place related to combination transactions. (The original comment deadline was March 30; the agency reopened the comment period until June 15.)