The National Credit Union Administration (NCUA) unanimously approved an advance notice of proposed rulemaking (ANPR) requesting public comment on modernizing the agency’s regulation on compensation related to loans and lines of credit to members.
NCUA’s loan origination compensation (LO Comp) regulation covers direct or indirect commissions, fees or other compensation by credit union officials, employees or their family members in connection with loans made by the credit union.
Learn what specific feedback the agency is seeking from stakeholders.