NCUA Releases 2011 Regulatory Review Targets

The National Credit Union Administration (NCUA) will review the Bank Secrecy Act compliance, debt collection procedures, and Freedom of Information Act requests, which are among other items in 2011.

The agency reviews its full regulatory catalogue every three years, and schedules reviews of portions of its regulations on a rotating basis.

Regulations covering security programs, suspected crime reports, and suspicious transactions are on the agenda, as are rules addressing records preservation programs, appendices-record retention guidelines and catastrophic act preparedness guidelines. Post-employment restrictions for some NCUA examiners will also be reviewed.

NCUA will accept comment on the content and clarity of these items until August 5.

Click here for the full release, with the entire list of rules to be reviewed.


Questions? Contact the Compliance Hotline: 1.800.546.4465, or email us at

Posted in Compliance News, NCUA.