Federal Register #2026-05797

This opportunity concerns a proposed regulatory change by the National Credit Union Administration (NCUA) Board regarding third-party servicing of indirect vehicle loans: - The NCUA Board seeks public comment on a rule to remove its prescriptive regulation on third-party servicing of indirect vehicle loans. - The rule currently imposes specific limits and requirements on federally insured and state-chartered credit unions for purchasing such loans serviced by third parties. - No Original Equipment Manufacturers (OEMs) or vendors are involved, as this is a regulatory action, not a procurement. - No products, services, part numbers, or purchase quantities are requested. - The proposed rule aims to: - Reduce regulatory burden and administrative costs for credit unions - Provide greater operational flexibility by allowing credit union boards to develop their own policies tailored to their size and complexity - Shift to a principles-based supervisory approach, making credit union boards responsible for appropriate policy development - The action is not a solicitation for goods or services, but a request for public input on a regulatory change.

The National Credit Union Administration (NCUA) Board is proposing a rule to remove its prescriptive regulations on third-party servicing of indirect vehicle loans. The proposed rule aims to reduce regulatory burden and provide credit unions with greater operational flexibility by allowing their boards to develop policies tailored to their size and complexity. This change is intended to lower administrative costs and compliance complexity, enabling credit unions to serve their members more efficiently. Comments on the proposal must be received by May 26, 2026.