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News Now

Washington
April open NCUA meeting cancelled
ALEXANDRIA, Va. (4/6/12)--April's open board meeting has been cancelled, the National Credit Union Administration (NCUA) said on Thursday.

That meeting was scheduled to be held on April 12. The closed board meeting that was scheduled for that date will still be held, the NCUA said, and supervisory matters are on the agenda.

This is the second open board meeting the agency has cancelled this year. The NCUA previously cancelled its Feb. 16 open board meeting, with NCUA Chairman Debbie Matz saying board members concluded there were no essential Board action items to publicly consider at that time.

Matz said the agency is "carefully evaluating which NCUA rules need to be streamlined, eliminated or clarified in 2012," and may cancel additional meetings this year, if needed.

Any additional meeting cancellations will be made the month of the meeting.

Credit Union National Association (CUNA) Deputy General Counsel Mary Dunn said the April cancellation is consistent with Matz's recent statement that the agency plans to slow the pace of new regulations. "Any time a regulator avoids issuing new rules, it is a positive development, and we view the cancellation of the April meeting—the second NCUA board meeting cancelled this year—in that light," Dunn said.


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