A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Withdrawal of Fee Reporting Requirements".
Summary
This joint resolution seeks to disapprove a rule issued by the National Credit Union Administration (NCUA) that withdrew public fee reporting requirements for credit unions. Under the previous rule, federally insured credit unions with more than $1 billion in assets were required to separately disclose their income from overdraft and non-sufficient funds (NSF) fees in quarterly reports. This data was made available to the public both individually and in aggregate.
In March 2025, the NCUA changed this policy, deciding to collect overdraft and NSF fee data during supervisory examinations instead of requiring public disclosure. The NCUA stated this change would reduce regulatory burden on credit unions and allow them greater flexibility. However, if this resolution passes, it would reverse that decision and reinstate the requirement for large credit unions to publicly report these specific fee revenues.