WASHINGTON, Dec. 29 -- National Credit Union Administration has issued a proposed rule called: Accuracy of Advertising and Notice of Insured Status.
The proposed rule was published in the Federal Register on Dec. 29 by Melane Conyers-Ausbrooks, Secretary of the Board.
Summary: The NCUA Board (Board) is issuing this proposed rule to streamline its regulations governing advertising and the notice of insured status. This proposed rule would eliminate provisions concerning the official advertising statement. This action is undertaken to reduce regulatory complexity, and the intended effect is to reduce the administrative burden and costs for federally insured credit unions (FICUs) and provide them with greater flexibility in their advertising...