NCUA Board Approves Interim Final Rule on Prompt Corrective Action

The National Credit Union Administration approved an interim final rule by notation. The rule is designed to assist credit unions facing the sudden enforcement of prompt corrective action regulations due to an influx of deposits from the additional Economic Impact Payments. The rule was listed on the April agenda, but the board decided there was an immediate need for the rule.

This article, written by our editor, is posted on the Credit Union Times website. Clicking on the link will take you to the article. There is a free, one-time registration required to visit the Credit Union Times website.

NCUA Board Approves Interim Final Rule on Prompt Corrective Action

Why am I being redirected to the Credit Union Times website? This will explain:

Message from the Editor About Story Links to the CU Times

Spread the word. Share this post!