Finance & markets · 01/02/2012

NCUA Proposes Rule to Regulate Loan Workouts and Nonaccrual Policies for Federally Insured Credit Unions

The NCUA is proposing a new rule that would require federally insured credit unions to establish written policies for managing loan workouts and nonaccrual policies, in line with industry standards or FFIEC requirements, to help them comply with regulatory reporting of troubled debt restructured loans.