The National Credit Union Administration ("NCUA") requested comment on current regulations limiting the compensation of credit union officials and employees connected to loans and lines of credit to members. The NCUA Board described the current regulations as "outdated, burdensome, and at odds with industry standards." Comments must be submitted by June 24, 2019.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
