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NCUA has open board meeting today - adds diversity briefing to agenda

The NCUA has added a new item to today's open board meeting: agency staff will brief the board on a proposed interagency policy statement addressing joint diversity standards for regulated entities.

Early last year, the NCUA said it and other regulators would soon begin reviewing diversity policies and practices of the institutions they regulate. CUNA and state leagues have stressed that NCUA must do all it can to minimize any new reporting or compliance requirements that new standards could impose on credit unions.

Other items on the NCUA open board meeting agenda include:

  •     A plan to require yearly stress tests at credit unions with assets exceeding $10 billion;
  •     A final rule on liquidity contingency plans;
  •     A board briefing on an interagency rule on loans in areas with special flood hazards;
  •     The quarterly National Credit Union Share Insurance Fund report; and
  •     A final rule on electronic filing of financial reports.

Today's open meeting is scheduled to begin at 10 a.m. (ET). Two requests made under the Federal Credit Union Act are on the closed board meeting agenda, which will follow the open meeting.

Click here for the full NCUA agenda

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