The NCUA is calling for comments and information about the agency’s communication methods in an effort to further streamline and improve its communications with credit unions and stakeholders. The NCUA Board approved the request for information in a unanimous vote.
“We recognize that the amount of information the NCUA provides to credit unions can create challenges and may impose unintended burdens,” said Rodney Hood, NCUA chairman, in a press release this week. “This request for information addresses this concern and continues my mission to ensure NCUA’s regulation of credit unions is effective, not excessive.”
Specifically, the request for information seeks input on:
- how the agency can maximize efficiency and minimize burdens associated with obtaining information on federal laws, regulations, policies, guidance and other materials relevant to federally insured credit unions;
- the effectiveness of press releases, social media content and the timing and frequency of agency communications; and
- ways to improve the agency’s websites, online data resources and the delivery and format of supervisory guidance.
Comments will be accepted for 60 days after the request for information is published in the Federal Register.