NCUA Board Extends Temporary COVID-Related Rules

The National Credit Union Administration Board has approved an extension of its modification of certain rules to help federally insured credit unions stay in operation, while addressing some of the economic problems caused by the pandemic.

The rules now will be in effect until the end of 2022. They had been scheduled to expire at the end of this year. The board approved the rules by notation.

2022 Budget on NCUA December Agenda

If Thursday’s National Credit Union Administration 2022 budget briefing was any indication, the agency board could have a hard time reaching a consensus by Dec. 16, when the board is scheduled to vote on the spending document.

The board will consider its final budget at the Dec. 16 meeting, after considering a draft budget during a briefing and public hearing on Thursday. The draft reflected many of the priorities of board Chairman Todd Harper, such as hiring additional examiners to increase the agency’s focus on consumer protection issues.