Published by Chris Noble

May 14, 2020

Even though COVID-19 relief remains the Movement’s primary focus, regulatory advocacy has not taken a backseat. In March, the League provided comments to the NCUA’s proposed rule change concerning combination transactions with non-credit unions (RIN 3313–AF10). Specifically, we advocated for rulemaking that saves credit unions time and money, while shielding them from liability, through the following main points:

  • adding an approval process timeline to prevent any unnecessary transaction delays;
  • granting flexibility to dispose non-credit union assets following a complete transaction; and
  • providing membership options to non-credit union accountholders.

For additional details, please find the full comment letter or reach out to League Regulatory Counsel Chris Noble with questions or for more information.

CONTACT US

Chris Noble

Chris Noble

Regulatory Counsel

E: cnoble@ohiocul.org
T: (614) 923-9762
C: (614) 448-6237