Credit Union Regulator Considers Revisions To System

Law360, New York (February 6, 2009, 12:00 AM EST) -- In light of the global economic crisis, the National Credit Union Administration is considering amending its regulation of corporate credit unions to revise current requirements related to liquidity and capital, as well as the structure and types of services the corporate credit unions offer.

In an advance notice of proposed rulemaking and request for comment published Wednesday in the Federal Register, the NCUA announced it is considering whether to change the structure of the system by eliminating the second or wholesale tier, modifying the level of...
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