View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
NCUA RIN: 3133-AF77 Publication ID: 2026 
Title: ●Catastrophic Act Reporting 
Abstract:

The NCUA Board (Board) is publishing this proposed rule to amend the requirements for federally insured credit unions (FICUs) to report catastrophic acts to the agency. By providing more time for FICUs to notify the agency of the occurrence of a catastrophic act and by eliminating the specific list of items to be documented, the Board expects the proposed rule to reduce the compliance burden and allow FICUs to focus their resources on recovery and core functions without compromising safety and soundness.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Deregulatory 
CFR Citation: 12 CFR 748.1(b)   
Legal Authority: 12 U.S.C. 1766(a)    12 U.S.C. 1786(b)(1)    12 U.S.C. 1786(q)    12 U.S.C. 1789(a)(11)    15 U.S.C. 6801 to 6809    31 U.S.C. 5311 and 5318    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/29/2025  90 FR 60591   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Gira Bose
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6562
Fax:703 518-6569
Email: gbose@ncua.gov