Production of Nonpublic Records and Testimony of NCUA Employees in Legal Proceedings

Riepilogo

The NCUA proposes to amend its rules regarding subpoenas seeking nonpublic records or the testimony of NCUA employees. The proposed rule provides procedures, requirements and information on how the NCUA will handle these matters and expressly prohibits any disclosure or testimony except as provided by the proposed rule. The effect of the rule will be, among other benefits, to insure an efficient use of NCUA resources, promote uniformity in decisions, protect confidential information, and provide guidance to parties. The proposed rule will also amend the current rule regarding release of NCUA records that are exempt from disclosure under the Freedom of Information Act to conform with the procedures provided in this proposed rule.