Implementation of the NCUA’s Regulatory Reform Agenda

In its final This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Regulatory Reform Task Force report (Opens new window) , the NCUA outlined its blueprint for implementing the agency’s regulatory reform agenda. To help stakeholders monitor the NCUA’s progress, the agency created this implementation tracker. Interested parties can view documents and actions taken, and can stay up-to-date on the blueprint’s timeline.

Updates to this page will occur monthly.

Regulatory Reform Agenda Progress – Tier 1

Regulatory Reform Agenda Progress Tracker – Tier 1
Regulation	Status	Recommendation Status/Update	Advance Notice of Proposed Rulemaking	Proposal	Final Action
Regulation Corporate Credit Unions	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Emergency Mergers	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Securitization	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Safe Harbor Proposal (Opens new window)	Final Action Safe Harbor Final Rule (Opens new window) Securitization Legal Opinion
Regulation Supervisory Review Committee	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Appeals	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Equity Distribution	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Capital Planning and Stress Testing	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Advertising	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action Final Rule (Opens new window)
Regulation Field of Membership	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Risk-based Capital Delay and Risk-based Capital Substantive	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Federal Credit Union Bylaws	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking This is an external link to a website belonging to another federal agency, private organization, or commercial entity. ANPR (Opens new window)	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Payday Alternative Loans	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Loans to Members a. Loan Maturity Limits b. Single borrower and Group of Associated Borrowers Limit	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Appraisals	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Fidelity Bonds	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Supervisory Committee Audits and Verification (Engagement Letter, Target Date of Delivery)	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Supervisory Committee Audits and Verification (Audit per Supervisory Committee Guide)	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Subordinated Debt (formerly Alternative Capital)	Status Proposed Rule in Q4 2019	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking This is an external link to a website belonging to another federal agency, private organization, or commercial entity. ANPR (Opens new window)	Proposal Forthcoming	Final Action Forthcoming
Regulation Designation of Low Income Status; Acceptance of Secondary Capital Accounts by Low-income Designated Credit Unions	Status Proposed Rule in Q4 2019	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking This is an external link to a website belonging to another federal agency, private organization, or commercial entity. ANPR (Opens new window)	Proposal Forthcoming	Final Action Forthcoming
Regulation Borrowed Funds from Natural Persons	Status Proposed Rule in Q4 2019	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking This is an external link to a website belonging to another federal agency, private organization, or commercial entity. ANPR (Opens new window)	Proposal Forthcoming	Final Action Forthcoming
Regulation Payment on Shares by Public Units and Nonmembers	Status Completed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Proposal (Opens new window)	Final Action This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Final Rule (Opens new window)
Regulation Compensation in Connection with Loans	Status ANPR Issued	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking This is an external link to a website belonging to another federal agency, private organization, or commercial entity. ANPR (Opens new window)	Proposal Forthcoming	Final Action Forthcoming
Regulation CUSOs	Status Delayed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposal Forthcoming	Final Action Forthcoming
Regulation Loan Interest Rate, Temporary Rate	Status Delayed	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking Forthcoming	Proposal Forthcoming	Final Action Forthcoming

Regulatory Reform Agenda Progress – Tier 2

Regulatory Reform Agenda Progress Tracker – Tier 2
Regulation	Status	Recommendation Status/Update	Advance Notice of Proposed Rulemaking	Proposed Rule	Final Rule
Regulation Investment and Deposit Activities	Status Proposed Rule in 2020	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Loan Participations	Status Proposed Rule in Q4 2019	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Purchase, Sale, and Pledge of Eligible Obligations	Status Proposed Rule in Q4 2019	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Purchase of Assets and Assumption of Liabilities	Status Proposed Rule in 2020	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Third-Party Due Diligence Requirements and Third-Party Servicing of Indirect Vehicle Loans	Status Proposed Rule in 2020	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Payout priorities in Involuntary Liquidation	Status Proposed Rule in 2020	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming

Regulatory Reform Agenda Progress – Tier 3

Regulatory Reform Agenda Progress Tracker – Tier 3
Regulation	Status	Recommendation Status/Update	Advance Notice of Proposed Rulemaking	Proposed Rule	Final Rule
Regulation Preemption of State Laws (Loans to Members and Lines of Credit to Members)	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking Forthcoming	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Treasury Tax and Loan Depositaries and Financial Agents of the Government	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Leasing	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Central Liquidity Facility	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Maximum Borrowing Authority	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Special Reserve for Nonconforming Investments	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Security Program, Report of Suspected Crimes, Suspicious Transactions, Catastrophic Acts, and Bank Secrecy Act Compliance	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming
Regulation Records Preservation Program and Appendices—Record Retention Guidelines; Catastrophic Act Preparedness Guidelines	Status 2020/2021	Recommendation Status/Update Same as Report 2	Advance Notice of Proposed Rulemaking N/A	Proposed Rule Forthcoming	Final Rule Forthcoming