NCUA, CFPB, more announce fall rulemaking agenda

by NAFCU Newsroom

Administrative agencies – including the NCUA and CFPB – have released their fall regulatory agendas, which include several NAFCU and credit union advocacy priorities, as well as already introduced or included items on previous rulemaking agendas.

Here are a few notable items included on the agencies’ fall rulemaking agendas:

NCUA:

  • Automated Valuation Models (AVMs): The NCUA is set to propose a rule that would implement Dodd-Frank’s four quality control standards for the use of AVMs by mortgage originators and secondary market issuers as part of the process of determining the collateral worth of a mortgage secured by a principal dwelling.
  • Purchase, Sale, and Pledge of Loans: In April 2022, the NCUA Board is considering issuing a proposed rule to clarify federal credit unions’ authority to purchase, sell, and pledge loans–including loan participations and eligible obligations.

 

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