Tell Us What You Think
The League routinely monitors upcoming regulatory issues and submits comment letters on behalf of Wisconsin credit unions. This important advocacy function of The League cannot be done without your assistance. Your feedback allows us to provide a more accurate and persuasive message to regulators. Thank you in advance for your input.
NCUA: Deregulation Project, Round 6
What’s at stake
The National Credit Union Administration (NCUA) has announced the sixth round of proposed regulatory changes as part of its Deregulation Project. The new round has six proposals related to: 1) Post-election training for new board members; 2) Loan compensation/commission; 3) Eligible obligations; 4) Refund of interest (loans); 5) Credit union service contracts; and 6) Definitions related to statutory lien. Please see this League Comment Call for details on the Round 6 proposals.
Make your voice heard
The League may comment on some or all of the Round 6 proposals, depending on the feedback we receive from Wisconsin’s credit unions. Please email Paul Guttormsson with your thoughts on this round of NCUA regulatory relief proposals by April 20, so that our comment letter (which is due April 27) can reflect your positions.
NCUA: Deregulation Project, Round 7
What’s at stake
The National Credit Union Administration (NCUA) has announced the seventh round of proposed regulatory changes as part of its Deregulation Project. The new round has seven proposed changes to Part 749 of the NCUA’s regulations to improve and update is vital records preservation program and accompanying guidelines. The NCUA wants to update part 749 by clarifying the purpose of the regulation, updating the definitions, and removing the appendices. The proposed rule’s purpose is to simplify and streamline part 749. Please see this League Comment Call for details on the Round 7 proposals.
Make your voice heard
The League may comment on the Round 6 proposals, depending on the feedback we receive from Wisconsin’s credit unions. Please email Paul Guttormsson with your thoughts on this round of NCUA regulatory relief proposals by May 4, so that our comment letter (which is due May 11) can reflect your positions.
NCUA: Deregulation Project, Round 8
What’s at stake
The NCUA has announced its eighth round of proposed regulatory changes as part of its Deregulation Project. In this round, the NCUA is requesting comments on one new proposal that would eliminate unduly burdensome requirements related to third-party servicing of indirect vehicle loans. See this Compliance Courier for details.
Make your voice heard
Please email Paul Guttormsson with your thoughts on this round of NCUA regulatory relief proposals by May 19, so that our comment letter (which is due May 26) can reflect your positions.
NCUA: Deregulation Project, Round 9
What’s at stake
The NCUA’s proposed amendment would amend the associational common bond provisions of its chartering and field of membership (FOM) rules. It would clarify that requiring the purchase of a product or service as a condition of membership would no longer automatically bars eligibility as a recognized association. The change would only affect the associational common bond requirements for single and multiple common bond FCUs.
Make your voice heard
The League may comment on this proposal, depending on the feedback we receive from Wisconsin’s credit unions. Please email Paul Guttormsson with your thoughts on this round of NCUA regulatory relief proposals by June 1, so that our comment letter (which is due June 8) can reflect your positions.
NCUA: Anti-Money Laundering and Countering the Financing of Terrorism Programs
What’s at stake
The NCUA and other federal financial institution regulators have proposed to amend their BSA rules that require credit unions and others to have effective, risk-based, anti-money laundering and countering the financing of terrorism (AML/CFT) programs. The proposal calls for significant changes to the overall regulatory framework that governs how credit unions and other financial institutions design and implement their AML/CFT programs. For details, see this League Comment Call.
Make your voice heard
The League may submit comments on this proposal, depending on the feedback credit unions provide. If you would like to share your thoughts on this proposal, please email Paul Guttormsson by June 2, so that our comment letter (which is due June 9) can reflect your positions. Our letter will not identify your credit union by name.
IRS: Excise Tax on Remittance Transfers
What’s at stake
The U.S. Treasury has proposed rules on the 1% excise tax on certain remittance transfers. In an August 2025 Compliance Courier, The League summarized the remittance transfer tax provisions in H.R. 1 – the so called “One Big Beautiful Bill Act.” Under that law, consumers who send money outside of the U.S. – whether they are U.S. citizens, green card holders, and non-citizens – must pay a 1% tax on many of those transfers made on or after Jan. 1, 2026. This League Comment Call has more details on the new proposal.
Make your voice heard
The League will consider submitting comments on this proposal, depending on the feedback credit unions provide. If you would like to share your thoughts on this proposal, please email Paul Guttormsson by June 5, so that our comment letter (which is due June 12) can reflect your positions. We will not identify your credit union by name in our letter.