Having recently cleared some major legal hurdles regarding its provisions, National Credit Union Administration (NCUA) Chairman Rodney Hood announced that the agency plans to begin phasing in its 2016 field of membership (FOM) rule.
As part of that “phased approach,” Hood said it will propose a rulemaking to address concerns over potential redlining risk associated with the rule.
Find out more details about the agency’s plans for the rule’s implementation.