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| Calling for Reduced Data Collection Burdens |
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Responding to the NCUA’s request for information (RFI) on NCUA data collection, America’s Credit Unions requested the NCUA reduce and streamline the process for credit unions.
In a comment letter sent to the agency Tuesday, America’s Credit Unions highlighted three main areas for improvement:
• Reduce unnecessary data collection and encourage reporting with greater automation and standardization to ease reporting burdens in the Call Report.
• Simplify the Call Report by addressing unclear and duplicative components and reporting challenges.
• Clarify key definitions, methodologies, and reporting expectations in the Call Report instructions.
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