Written by Steve Van Beek
The agenda for NCUA's September 20th Board meeting is now available. The agenda includes:
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Proposed Rule – Part 703 of NCUA’s Rules and Regulations, Permissible Investments – Treasury Inflation Protected Securities.
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Proposed Rule – Parts 702 and 741 of NCUA’s Rules and Regulations and Interpretive Ruling and Policy Statement 12-2, Regulatory Relief for Small Credit Unions.
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Proposed Rule – Section 701.1 of NCUA’s Rules and Regulations, Expanded Definition of “Rural District” for Field of Membership.
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Advanced Notice of Proposed Rulemaking – Section 701.21 of NCUA’s Rules and Regulations, Payday-Alternative Loans.
NCUA will also be meeting in closed session for a few additional agenda items.
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Mortgage Servicing. Back in our September 7th blog post, we linked to the CFPB's mortgage proposals as they were published in the Federal Register. At that time, the Reg Z and Reg X mortgage servicing proposals had not yet been published.
Today, those mortgage servicing proposals have been published in the Federal Register. The links are below.
Note: Even though the proposals were published in today's Federal Register (September 17th), the CFPB is sticking with their October 9th deadline for comments.
Remember, the CFPB is required by Dodd-Frank to finalize the mortgage servicing rules by January 21, 2013. In order to meet that deadline, the CFPB is providing very limited timeframes for comments - especially on a proposal that would require 20 new notices.
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