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This document is an integrated roadmap of Part 741. Each Section of Part 741 is listed in its entirety. Part 741 is divided into two subparts. Subpart A contains regulations that apply directly to FISCUs and are not codified elsewhere in the U.S. Code (“U.S.C.”) or CFR. While the regulations of Subpart A are not fully codified elsewhere, they regularly reference other provisions of the U.S.C. and CFR.
In response to NCUA rulemaking, the NASCUS Legislative & Regulatory Affairs staff crafts rule summaries and comment letters on wide-ranging topics that impact the state credit union system.
NASCUS closely monitors CFPB developments and responds to request for comments on rules impacting the credit union system.
NASCUS wrote to the House Ways & Means Committee leadership expressing concerns regarding anticipated tax liabilities related to the 21% excise tax on excess executive compensation required under the Tax Cut and Jobs Act of 2017 (TCJA).