[Unified Agenda of Federal Regulatory and Deregulatory Actions]
[National Credit Union Administration Semiannual Regulatory Agenda]
[From the U.S. Government Publishing Office, www.gpo.gov]


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Part XXI





National Credit Union Administration





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Semiannual Regulatory Agenda

[[Page 21956]]



NATIONAL CREDIT UNION ADMINISTRATION (NCUA)






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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Ch. VII

Semiannual Regulatory Agenda

AGENCY: National Credit Union Administration (NCUA).

ACTION: Semiannual regulatory agenda.

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SUMMARY: Pursuant to its ongoing policy of reviewing regulations, NCUA 
is publishing a list of current and projected rulemakings, reviews of 
existing regulations, and completed actions as of February 24, 2010, to 
be included in the Unified Agenda of Federal Regulatory and 
Deregulatory Actions.

DATES: This information is current as of February 24, 2010.

ADDRESSES: National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314-3428.

FOR FURTHER INFORMATION CONTACT: For each regulation listed, the 
person(s) named in the listing, at the above address, unless otherwise 
noted, or listed telephone number.

SUPPLEMENTARY INFORMATION: The purpose of this agenda is to enable 
credit unions and the public to follow regulatory development and 
review at NCUA, and participate in that process more effectively. 
Entries for the agenda appear in one of five possible categories: 
prerule stage; proposed rule stage; final rule stage; completed/
withdrawn actions; or long-term actions.

    The agenda is published pursuant to NCUA Interpretive Ruling 
and Policy Statement Number 87-2, ``Developing and Reviewing 
Government Regulations,'' 54 FR 35231 (September 18, 1987), as 
amended by IRPS 03-2, 68 FR 31949 (May 29, 2003), which sets out 
NCUA's policy and procedures for developing and reviewing its 
regulations. NCUA's policy is to ensure that regulations impose 
only the minimum required burdens on credit unions, consumers, and 
the public; are appropriate for the size of the financial 
institution they regulate; are issued only after full public 
participation; and are clear and understandable. Further, NCUA 
undertakes to review all regulations every three years to clarify 
and simplify existing regulations and eliminate redundant and 
unnecessary provisions.

Approved by the NCUA Board on February 24, 2010.

 Mary Rupp,

Secretary of the Board.

                             National Credit Union Administration--Completed Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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412         Privacy of Consumer Financial Information.............................................    3133-AC84
413         Confidentiality of Suspicious Activity Reports........................................    3133-AD61
414         Unfair or Deceptive Acts or Practices; Clarifications.................................    3133-AD62
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National Credit Union Administration (NCUA)           Completed Actions






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412. PRIVACY OF CONSUMER FINANCIAL INFORMATION

Legal Authority: 15 USC 6801 et seq

Abstract: NCUA issued an interagency rule on model privacy notices and 
ways financial institutions can make them clear and conspicuous.

Timetable:
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Action                            Date                      FR Cite

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ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            03/29/07                    72 FR 14939
Correction                      04/09/07                    72 FR 16875
NPRM Comment Period End         05/29/07
ANPRM                           07/01/09                    74 FR 31529
ANPRM Comment Period End        08/31/09
Final Action                    12/01/09                    74 FR 62890

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Regina M. Metz, Staff Attorney, Office of General 
Counsel, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314
Phone: 703 518-6561
Fax: 703 518-6569
Email: [email protected]

RIN: 3133-AC84
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413. CONFIDENTIALITY OF SUSPICIOUS ACTIVITY REPORTS

Legal Authority: 31 USC 5311 to 5330

Abstract: The agency has determined that it is unlikely to take further 
regulatory action concerning the scope of confidentiality applicable to 
filed Suspicious Activity Reports in the next year and is, therefore, 
removing this rule from the Regulatory Agenda.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/24/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Ross P. Kendall, Trial Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6562
TDD Phone: 703 518-6332
Fax: 703 518-6569
Email: [email protected]

RIN: 3133-AD61
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414. UNFAIR OR DECEPTIVE ACTS OR PRACTICES; CLARIFICATIONS

Legal Authority: 15 USC 45; 15 USC 57a

Abstract: NCUA is withdrawing the substantive requirements of the UDAP 
Rule as unnecessary due to the

[[Page 21957]]

enactment of the Credit Card Accountability, Responsibility, and 
Disclosure Act of 2009 (Credit CARD Act) on May 22, 2009, and 
amendments to Regulation Z implementing the Credit CARD Act that will 
become effective on February 22, 2010. For procedural reasons, the 
substantive requirements of the UDAP Rule will be withdrawn effective 
July 1, 2010, but it is NCUA's intent that only the technical 
clarifications to part 706 become effective and that the substantive 
requirements will not take effect.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            05/05/09                    74 FR 20804
NPRM Comment Period End         06/04/09
Final Action                    02/10/10                     75 FR 6558

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Moisette I. Green, Staff Attorney, Office of General 
Counsel, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6319
Email: [email protected]

RIN: 3133-AD62
[FR Doc. 2010-8979 Filed 04-23-10; 8:45 am]
BILLING CODE 7535-01-S