ODFI seeks input on five-year rule review
Published by: Sean Brown
November 15, 2023 | Regulatory
For the dual charter system to work, both charters must compete and meaningfully drive the other to stay current, relevant, and strong. That is why the League has worked with the Ohio Division of Financial Institutions (ODFI) to give stakeholders an opportunity to provide preliminary feedback on proposed changes to Ohio Administrative Code, relating to credit unions, which are undergoing a five-year rule review. The League, along with members, has already begun engaging with ODFI on the proposed rules, and has helped drive many of the proposed changes.
If you or your credit union is interested in reviewing, or commenting, please use the current draft of the rules with the changes ODFI intends to make. Anyone wishing to comment can either send their comments to Sean Brown, Ohio Credit Union League, or submit that feedback directly to ODFI by emailing John Coady, Assistant Division Counsel, at John.Coady@com.ohio.gov. All comments are due no later than Dec. 8, 2023.
Contact Sean Brown for questions or assistance.