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NCUA | RIN: 3133-AF10 | Publication ID: Fall 2021 |
Title: Combination Transactions With Non-Credit Unions; Credit Union Asset Acquisitions | |
Abstract:
The NCUA Board (Board) proposed to create a new subpart D within part 708a to establish requirements related to transactions where a federally insured credit union (FICU) proposes to assume liabilities from an institution other than a credit union. The proposed rule also addresses a FICU’s merger or consolidation with an entity other than a credit union. Finally, the proposed rule includes amendments clarifying the scope and applicability of 741.8 on the purchase of assets and assumption of liabilities. The Board extended the comment period to June 15, 2020, and is reviewing public comments in anticipation of a potential final rule. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 708a, subpart D 12 CFR 741.8 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1785(b)(1) |
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: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Elizabeth Wirick Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: ewirick@ncua.gov |