NCUA Chairman Harper Issues Statement on Financial Innovation Final Rule
September 22, 2023
September 22, 2023
ALEXANDRIA, Virginia, Sept. 22 -- The National Credit Union Administration issued the following statement on Sept. 21, 2023, by Chairman Todd M. Harper on the Financial Innovation Final Rule:
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As our presenters noted, the final rule before us today is largely unchanged from the proposal issued last December. With this final rule, the NCUA's regulations related to loan participations and eligible obligations will shift from a prescriptive system to a principles . . .
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As our presenters noted, the final rule before us today is largely unchanged from the proposal issued last December. With this final rule, the NCUA's regulations related to loan participations and eligible obligations will shift from a prescriptive system to a principles . . .