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TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NCUA releases schedule for first 2010 board meeting
ALEXANDRIA, Va. (1/25/10)--The National Credit Union Administration (NCUA), at its upcoming board meeting at 10 a.m. ET Friday, will consider withdrawing a final rule that addresses Part 706 of its Unfair and Deceptive Practices rules. The UDAP rule withdrawal is a technical action, as the UDAP rule codifies many of the same provisions as the rules that were recently enacted by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act and issued in the Fed's final Truth in Lending Regulation Z rules. The board will also be updated on the status of the National Credit Union Share Insurance Fund during the meeting. A closed meeting of the board--during which the NCUA will discuss supervisory activities and personnel matters--will follow the open session.


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