NEXT WEEK: NCUA budget briefing, board meeting set

Also: CRA comments due, MSB and CoME-IN committees meet

October 13, 2017 FDIC, NCUA, OCC 0

The National Credit Union Administration (NCUA) Board holds a public briefing on its 2018-19 budget, and – the following day – a regular board meeting to consider two final rules, and proposing an additional rule.

The Wednesday (Oct. 18) briefing is designed to update the public on the spending plans for the agency over the next two years; public comments at the briefing (in form of testimony) is also being accepted. The agency has proposed a 2018 budget of $321 million.

The Thursday (Oct. 19) board meeting will consider final rules on procedures for its supervisory review committee and on its appeals processes.

The proposal rule will focus on capital planning and supervisory stress testing. Additionally, the board will consider issuing a request for information on electronic loan, deposit and investment data collection.

Also next week:

Tuesday, Oct. 17: The Mutual Savings Association Advisory Committee (MSAAC) of the Office of the Office of the Comptroller of the Currency (OCC) meets to discuss continued health and viability and other issues of concern to mutual savings associations.
Wednesday, Oct. 18: The FDIC Advisory Committee on Economic Inclusion (ComE–IN), which provides advice and recommendations on initiatives to expand access to banking services by underserved populations, will hold a meeting to discuss: Safe Accounts; 2016 FDIC Bank Survey Results; Financial Inclusion for Persons with Disabilities; Update on Neighborhood Access to Bank Branches
Friday, Oct. 20: Comments are due on a joint proposal to amend regulations implementing the Community Reinvestment Act (CRA) to update the existing definitions of “home mortgage loan” and “consumer loan,” related cross references, and the public file content requirements to conform recent revisions made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), and to remove obsolete references to the Neighborhood Stabilization Program (NSP). The proposal was made by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC).

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