Comments due on NCUA proposal to relax advertising requirement

The NCUA has published [82 FR 46173] a proposed rule that would amend its rules at 12 CFR part 740 (Accuracy of Advertising and Notice of Insured Status) to add a fourth version of its official advertising statement -- Insured by NCUA -- to those allowed for use by federally-insured credit unions, to expand a current exemption from the advertising statement requirement for radio and television advertisements to those under 30 seconds in duration (currently, only those under 15 seconds are exempted), and to remove a requirement that the advertising statement appear on statements of condition. Comments are due by December 4, 2017.