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NCUA RIN: 3133-AF57 Publication ID: Fall 2023 
Title: ●Implementation of Financial Data Transparency Act 

The Department of the Treasury, Federal Reserve Board, OCC, CFPB, SEC, FDIC, NCUA, FHFA, and the NCUA are coordinating efforts on a proposed rule establishing data standards for the collections of information reported to each agency by financial entities under their jurisdiction, and the data collected from the agencies on behalf of the Financial Stability Oversight Council (FSOC). The proposed rule implements the requirements of section 124 to the Financial Stability Act of 2010 (12 U.S.C. 5321 et seq.), which was added by the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (NDAA). The NDAA requires the agencies to jointly issue proposed rules within 18 months of the NDAA’s enactment, and final rules within two years of enactment.

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 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 5334    12 U.S.C. 1752 et seq.   
Legal Deadline:
Action Source Description Date
NPRM  Statutory    06/23/2024 
Final  Statutory    12/23/2024 

Overall Description of Deadline: 12 U.S.C. 5334 requires the covered agencies to jointly issue proposed rules within 18 months of enactment and final rules within two years of enactment.

Action Date FR Cite
NPRM  06/00/2024 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Related Agencies: Joint: FRS, TREAS, TREAS/OCC, SEC, FDIC, FHFA; 
Agency Contact:
Regina Metz
Senior Attorney Advisor
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6540
Fax:703 518-6569