In its final Regulatory Reform Task Force report, 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
| Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposal | Final Action |
|---|---|---|---|---|---|
| Corporate Credit Unions | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Emergency Mergers | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Securitization | Completed | Same as Report 2 | N/A | Safe Harbor Proposal | Safe Harbor Final Rule Securitization Legal Opinion |
| Supervisory Review Committee | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Appeals | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Equity Distribution | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Capital Planning and Stress Testing | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Advertising | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Field of Membership | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Risk-based Capital Delay and Risk-based Capital Substantive | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Federal Credit Union Bylaws | Completed | Same as Report 2 | ANPR | Proposal | Final Rule |
| Payday Alternative Loans | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Loans to Members a. Loan Maturity Limits b. Single borrower and Group of Associated Borrowers Limit |
Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Appraisals | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Fidelity Bonds | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Supervisory Committee Audits and Verification (Engagement Letter, Target Date of Delivery) | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Supervisory Committee Audits and Verification (Audit per Supervisory Committee Guide) | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Subordinated Debt (formerly Alternative Capital) | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR | Forthcoming | Forthcoming |
| Designation of Low Income Status; Acceptance of Secondary Capital Accounts by Low-income Designated Credit Unions | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR | Forthcoming | Forthcoming |
| Borrowed Funds from Natural Persons | Proposed Rule in Q4 2019 | Same as Report 2 | ANPR | Forthcoming | Forthcoming |
| Payment on Shares by Public Units and Nonmembers | Completed | Same as Report 2 | N/A | Proposal | Final Rule |
| Compensation in Connection with Loans | ANPR Issued | Same as Report 2 | ANPR | Forthcoming | Forthcoming |
| CUSOs | Delayed | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Loan Interest Rate, Temporary Rate | Delayed | Same as Report 2 | Forthcoming | Forthcoming | Forthcoming |
Regulatory Reform Agenda Progress – Tier 2
| Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposed Rule | Final Rule |
|---|---|---|---|---|---|
| Investment and Deposit Activities | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Loan Participations | Proposed Rule in Q4 2019 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Purchase, Sale, and Pledge of Eligible Obligations | Proposed Rule in Q4 2019 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Purchase of Assets and Assumption of Liabilities | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Third-Party Due Diligence Requirements and Third-Party Servicing of Indirect Vehicle Loans | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Payout priorities in Involuntary Liquidation | Proposed Rule in 2020 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
Regulatory Reform Agenda Progress – Tier 3
| Regulation | Status | Recommendation Status/Update |
Advance Notice of Proposed Rulemaking | Proposed Rule | Final Rule |
|---|---|---|---|---|---|
| Preemption of State Laws (Loans to Members and Lines of Credit to Members) | 2020/2021 | Same as Report 2 | Forthcoming | Forthcoming | Forthcoming |
| Treasury Tax and Loan Depositaries and Financial Agents of the Government | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Leasing | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Central Liquidity Facility | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Maximum Borrowing Authority | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Special Reserve for Nonconforming Investments | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Security Program, Report of Suspected Crimes, Suspicious Transactions, Catastrophic Acts, and Bank Secrecy Act Compliance | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |
| Records Preservation Program and Appendices—Record Retention Guidelines; Catastrophic Act Preparedness Guidelines | 2020/2021 | Same as Report 2 | N/A | Forthcoming | Forthcoming |