N C U A’s Advanced Notice of Proposed Rulemaking on Records Preservation Program
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This episode of Samantha Shares focuses on the NCUA's Advanced Notice of Proposed Rulemaking regarding updates to its Records Preservation Program regulations and Catastrophic Act Preparedness Guidelines, aiming to solicit comments for improvement. It highlights the need for feedback on the outdated Part 749 regulations, detailing the current standards for records preservation among credit unions and the request for comment on vital records definitions, retention practices, and additional guidance to ensure effective recordkeeping and disaster preparedness. The NCUA seeks to modernize and clarify these regulations to aid credit unions in maintaining crucial records for business continuity and member service. The podcast is sponsored by Credit Union Exam Solutions Incorporated, offering expertise in NCUA examination preparation.
00:00 Welcome and Introduction
00:02 Overview of the ANPR and Sponsorship
00:54 Deep Dive into the ANPR
06:28 Request for Comments and Feedback
12:58 Conclusion and Contact Information
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