NCUA Issues Letter to Credit Unions to Address Loan Participation Waivers
NCUA’s revisions to its Loan Participation Rule take effect today. In its Letter to Credit Unions No. 13-CU-07, the Agency provides a summary of the changes and highlights that qualifying credit unions may be eligible for waivers from some of the new provisions. Examiners will be provided with additional guidance about the waiver process as well. [9/23]