As a year comes to a close, sometimes there are things that stay in that year and some things that move forward into the next one. Over the past year, the industry has seen some significant deregulation efforts by the current administration. It looks like the trend of deregulation is going to be one of the things moving forwards into the new year.
The National Credit Union Administration (NCUA) has published a notice of proposed rulemaking detailing the NCUA’s deregulation project. The project is intended to be an initial comprehensive review of the agency’s regulations and has been proposed as a result of Executive Order 14192 Unleashing Prosperity Through Deregulation.
In particular, the NCUA will be focusing on Title 12, Chapter VII of the Code of Federal Regulations – the portion of the code that currently “houses” the NCUA’s regulations. It is the intention of the NCUA that the review will center on regulations which focus on the safety, soundness, or resilience of credit unions. To that end, the NCUA will propose to change or remove regulations that are:
The project poses an opportunity for credit unions to be relieved from compliance burdens associated with outdated or overly burdensome regulations. It may provide credit unions with the much needed market flexibility to grow and extend the credit union movement.
In addition to the project, the NCUA has also requested comments on four proposals. The proposals are designed to clarify the NCUA’s guidance or eliminate unduly burdensome or obsolete requirements. According to the NCUA, the proposals are as follows:
Industry stakeholders are encouraged to submit comments to the NCUA on each proposal by February 9, 2026.
Have questions or want to know more? Contact ViClarity’s compliance services team at compliancesupport@viclarityus.com.
(Authored by ViClarity)
For more information, email Heather Line.
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