The NCUA Board issued a final rule updating Subpart C and E of Part 792, Privacy Act, relating to privacy and personal information in federal records to reflect current law, terminology and organizational functions and to clarify which of its system of records are subject to Privacy Act exemptions. These technical and minor changes streamline the regulation to make it clearer and simpler to use. Fair Credit Reporting rule proposed The NCUA Board issued proposed rule Part 706, Subpart B, Credit Practices, to implement parts of the Fair Credit Reporting Act by allowing FCUs to share certain information about their consumers with their affiliates without incurring the obligations of consumer reporting agencies. The proposed rule requires FCUs to give consumers notice and an opportunity to opt out before the FCU discloses certain information to its affiliates. The proposal has a 60-day comment period.
Votes are unanimous unless otherwise noted.