New regs for Tuesday: Commodity brokers, credit unions, electrical

Tuesday’s edition of the Federal Register contains new rules for commodity brokers facing bankruptcy, credit unions applying for certain loans, and heat release from electrical enclosures.

Here’s what is happening:

Bankruptcy: The Commodity Futures Trading Commission (CFTC) is proposing to collect information on possible bankruptcy regulations for commodity brokers.

The proposed information collection could inform future rulemaking.

The public has 60 days to comment.

Credit unions: The National Credit Union Administration (NCUA) is proposing to exclude certain loans to credit unions from the aggregate unsecured lending cap.

Bridge loans made from the NCUA’s Central Liquidity Facility to natural person credit unions would be exempt from these lending caps. Furthermore, they would not be required to calculate their net assets as part of the minimum capital requirements.

The public has 30 days to comment.

Insurance: The National Credit Union Administration (NCUA) is proposing changes to its share insurance regulations.

Under the changes, the NCUA would provide “enhanced, pass-through share insurance for interest on lawyers trust accounts and other similar escrow accounts,” the agency noted.

The public has 60 days to comment.

Electrical: The Nuclear Regulatory Commission (NRC) is correcting minor errors made in a posting about electric enclosures.

The NRC is considering changes for the peak heat release from electrical enclosures. The agency issued a draft NUREG last month for refining heat release rates from electrical enclosures during fires.

The public has until June 15 to comment.