ALEXANDRIA, Va. (UPDATED: 10:15 a.m. ET, 2/9/12)--The National Credit Union Administration (NCUA) has cancelled its previously scheduled Feb. 16 open board meeting, with NCUA Chairman Debbie Matz saying board members "concluded that there are no essential Board action items to publicly consider at this time."
Matz added the NCUA understands "that many credit union officials are feeling overwhelmed by a large number of proposed and final regulations, many of which are mandated by statute and issued by several different agencies." The NCUA is "carefully evaluating which NCUA rules need to be streamlined, eliminated or clarified in 2012," and may cancel additional meetings this year, if needed, she said.
Any additional meeting cancellations will be made the month of the meeting.
The NCUA said it would still move forward with its scheduled Feb. 16 closed meeting.