NCUA removes rules regarding credit union service contracts
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Table of Contents
The National Credit Union Administration (NCUA) is changing its regulations for federal credit unions. Specifically, the Board is removing a rule that governed how these institutions used certain service contracts.
Why it matters: This is a minor administrative update intended to simplify regulatory requirements for federal credit unions.
Who it affects
- Federal credit unions
This information comes from the National Credit Union Administration; check the Federal Register for the full text before relying on it.
Agency: National Credit Union Administration
Source: Federal Register — read the official document