{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"NCUA Proposal on Purchase, Sale, and Pledge of Eligible Obligations.","html":"","width":"100%","height":180,"duration":514,"description":"\nNCUA is proposing to streamline its rule on the purchase, sale, and pledge of eligible obligations (12 CFR 701.23).What NCUA is proposing:Remove the prescriptive lists of items that FCUs must address in their written purchase, sale, and pledge policiesRemove the detailed code of conduct in paragraph (g) governing conflicts of interest and compensation tied to these transactionsMake a conforming redesignation (current 701.23(h) becomes 701.23(g)) and update the cross-reference in the appeals rule at 12 CFR 746.201(c)Comments are due April 27, 2026Why NCUA is making the change:The current one-size-fits-all framework is viewed as unduly burdensome, especially for smaller FCUsThe FCU Act requires NCUA to issue rules in this area but does not require a detailed framework for internal credit union policiesAn FCU's board is in the best position to scale policies to its own activities and risk profileThe existing compensation prohibition, with a narrow list of exceptions, is seen as inflexible and may hinder legitimate incentive structuresFCUs are already governed by broader conflict of interest provisions in their bylaws and by the fiduciary duties of their officialsThe change aligns with a more principles-based supervisory approachWhat is NOT changing:FCUs must still maintain written policies covering purchase, sale, and pledge of eligible obligationsBoard approval remains required, and transactions must be conducted at arm's length and in the best interest of the credit unionThe underlying statutory authority under section 107(13) of the FCU Act is unchangedExaminer oversight of these activities continuesThe rule applies only to FCUs — the basic framework for FISCUs is unaffected10,000-foot takeaway: NCUA is shifting from prescriptive checklists to principles-based expectations for eligible obligation policies. FCUs get more flexibility to tailor their written policies and incentive structures, but they also keep full responsibility for safe and sound operations....","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}