NCUA updates rules for how credit unions handle certain financial obligations
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Table of Contents
The National Credit Union Administration (NCUA) has issued a final rule that changes how federal credit unions manage the purchase, sale, and pledging of eligible obligations.
Why it matters: This is a mostly administrative change intended to reduce the amount of specific paperwork and policy language required by federal regulators.
Who it affects
- Federal credit unions
This information comes from the National Credit Union Administration; readers should consult the Federal Register for the full text before relying on it for compliance purposes.
Agency: National Credit Union Administration
Source: Federal Register — read the official document