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NCUA schedules special closed meeting for today
ALEXANDRIA, Va. (2/8/13)--The National Credit Union Administration has announced a special closed meeting for 12 p.m. ET today.

The agenda refers only to "supervisory activities." News Now will report if the agency makes details public after the meeting.

Later this month, the NCUA's February open meeting is scheduled for 10 a.m. ET on Feb. 21. The agency is expected to release the agenda for that meeting next week. The agency in its semiannual unified agenda indicated that rules addressing Treasury Inflation Protected Securities and rural districts could be finalized this month.

NCUA Chairman Debbie Matz and agency staff this week said a proposed rule on derivatives could be released in the first half of 2013.

  • Also on the 2013 long-range agenda, the agency plans to address clarity in member business lending waivers, and is also developing:
  • A letter that addresses blanket waivers, guarantees and when a waiver is required for a structured or balloon loans;
  • Credit ratings guidance;
  • Troubled debt restructuring guidance; and
  • Guidance that clarifies the agency's expectations for enterprise risk management.
For more on the NCUA closed meeting, use the resource link.
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