View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
NCUA | RIN: 3133-AF06 | Publication ID: Spring 2020 |
Title: ●Chartering and Field of Membership | |
Abstract:
The NCUA Board (Board) proposed to amend its chartering and field of membership (FOM) rules with respect to applicants for a community charter approval, expansion, or conversion. Specifically, the Board proposed to re-adopt a provision to allow an applicant to designate a Combined Statistical Area (CSA), or an individual, contiguous portion thereof, with a population up to 2.5 million, as a well-defined local community. Separately, in accordance with an August 2019 opinion and order issued by the DC Circuit Court of Appeals with respect to communities based on a Core-Based Statistical Area (CBSA) or a portion thereof, the Board provided further explanation and support for its elimination of the requirement to serve the CBSA’s core area. In addition, the Board proposed to clarify existing requirements and add explicit provisions to its rules to address serving low and moderate income communities in the selection of community-based FOMs. The Board is reviewing the public comments on the proposed rule and will move toward a final rule. |
|
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 701, app. B (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1759 |
Legal Deadline:
None |
||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
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 |