Regulatory Review: Regulatory Publication and Voluntary Review as Contemplated by the Economic Growth and Regulatory Paperwork Reduction Act

The Endangered Small Credit Union Defense (ESCUD), a nonprofit advocacy organization, supports the NCUA's voluntary EGRPRA review as a tool for deregulation. They urge the Board to use this process to implement bold, asset-tiered regulatory relief specifically for small credit unions to reduce examination burdens and costs.

The Endangered Small Credit Union Defense (ESCUD) supports the NCUA's voluntary EGRPRA review process as a tool for deregulation. They urge the Board to use this review to implement asset-tiered relief, specifically recommending reduced examination frequencies and simplified compliance requirements for small, low-risk credit unions.

QuantyPhi, a shared-services provider for credit unions, supports the NCUA's voluntary EGRPRA review aimed at reducing regulatory burdens for small institutions. They specifically advocate for the NCUA to explicitly recognize simplified, Call Report-based asset-liability management (ALM) modeling as a permissible compliance option for less complex credit unions to improve supervisory efficiency and reduce operational costs.

Iran Ortiz Pizarro, a private citizen, supports the NCUA's move toward principles-based rules but suggests specific improvements to the regulatory review. The commenter argues for simplifying reporting processes for smaller credit unions and coordinating with other agencies to reduce redundant paperwork during cyber incidents.