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NCUA | RIN: 3133-AE78 | Publication ID: Fall 2017 |
Title: ●Accuracy of Advertising and Notice of Insured Status | |
Abstract:
The NCUA Board (Board) proposes to revise certain provisions of NCUA's advertising rule to provide regulatory relief to federally insured credit unions (FICUs). The advertising rule requires FICUs to use NCUA's "official advertisement statement" when advertising. In addition to being permitted to use any of the three current versions of the official advertising statement, the Board proposes to allow FICUs the option of using a fourth version, namely by stating "Insured by NCUA." To provide additional regulatory relief, the Board proposes to: (1) expand a current exemption from the advertising statement requirement regarding radio and television advertisements; and (2) eliminate the requirement to include the official advertising statement on statements of condition required to be published by law. |
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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 13771 Designation: Fully or Partially Exempt | |
CFR Citation: 12 CFR 740 | |
Legal Authority: 12 U.S.C. 1766 12 U.S.C. 1781 12 U.S.C. 1785 12 U.S.C. 1789 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.ncua.gov/regulation-supervision/Pages/rules/proposed.aspx | |
RIN Data Printed in the FR: No | |
Agency Contact: Marvin Shaw Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6553 Fax:703 518-6569 Email: mshaw@ncua.gov |