The NCUA board will vote on succession planning and incentive-based compensation arrangement proposed rules at its July 18 board meeting. The agenda also lists an item on the federal credit union loan interest rate ceiling.
America’s Credit Unions’ legacy organizations have called on NCUA to raise the interest rate ceiling in recent years, and supported NCUA adopting a floating interest rate cap.
Regarding the succession planning rulemaking, the board is scheduled to repropose changes to the existing regulation. America’s Credit Unions’ legacy organizations called on the agency to adopt an approach to succession planning that provided guidance rather than prescriptive regulatory requirements.
The complete agenda is:
- Proposed rule, succession planning, 12 CFR Parts 701 and 741;
- Proposed rule, incentive-based compensation arrangements, 12 CFR Parts 741 and 751; and
- Federal credit union loan interest rate ceiling.
