The National Credit Union Administration Proposes Increase in Asset Threshold for Small Entities

On March 5, 2015, the National Credit Union Administration Board (NCUA) published a proposed rule to amend Interpretive Ruling and Policy Statement (IRPS) 87-2, as amended by IRPS 03-2 and 13-1. The amended IRPS would increase the asset threshold used to define small entity under the Regulatory Flexibility Act (RFA) from $50 million to $100 million and, thereby, provide transparent consideration of regulatory relief for a greater number of credit unions in future rulemakings. The proposed rule and IRPS also make a technical change to NCUA's regulations in connection with NCUA's procedures for developing regulations. Comments must be received on or before May 4, 2015.

 

Date: 
Wednesday, March 11, 2015