Updated Small Entity Rule to Relieve 733 More Credit Unions

The NCUA announced that they would raise the asset threshold defining “small entities” to $100 million, making hundreds more credit unions eligible for regulatory relief under the Regulatory Flexibility Act.

NCUA Proposes Raising Small Entity Threshold to $100 Million

Credit unions of $100 million and under would face reduced regulatory burden under the proposal. Credit union advocates seek higher threshold.

Small Credit Union Threshold Raised to $50 million After Successful Advocacy Efforts

The NCUA amended the definition of “small entity” today, raising the threshold from $10 million to $50 million in assets. The final rule marks the first time in 10 years the NCUA has revised the small credit union definition.

Regulatory Changes for Credit Unions Expected in January

The NCUA is expected to issue four final rules on Thursday, including changes to the asset threshold that defines small credit unions, an increased response time for accepting the LICU designation and other technical changes.

CFPB Releases Updated HDMA Asset-Size Exemption Threshold

The CFPB issued a final rule increasing the asset-size exemption for credit unions under Regulation C, which implements the Home Mortgage Disclosure Act, to $42 million.

FRB and CFPB Announce Annual Increases in Dollar Thresholds for Parts of Reg Z, M

The Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z and Regulation M for exempt consumer credit and lease transactions that will take effect Jan. 1, 2013.

September 2012 Board Meeting: NCUA Board Advances Regulatory Relief for Credit Unions

The NCUA board of directors unanimously approved four regulatory relief items at its Sept. 20 open meeting, adopting three proposed rules and an Advance Notice of Proposed Rulemaking.

Fed Increases Jumbo Mortgage Escrow Threshold

While the Fed increased the APR threshold, CUNA notes that credit unions have the option to continue to follow the lower threshold that applied prior to the change.