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Biden Orders Regulatory Review, Casting Doubt on NCUA Proposals
CFPB’s Kraninger Resigns at Request of President Biden
NCUA Adjusts Supervisory Expectations Due to Coronavirus Crisis
Chopra Likely to Return Agency to Cordray-Era Enforcement at CFPB
Waters Asks Biden to Kill Trump’s ‘Midnight Rules’
NCUA Signs Cooperation Agreement With CFPB, but Won’t Release Document
Harper Blasts Agency Rulemaking, as NCUA Board Approves CUSO, Risk-Based Capital Proposals
Uncertainty, Change Sweeps D.C.
NCUA Renewing Streamlined CDFI Application Process
The NCUA will begin accepting applications on Jan. 24 for federally insured, low-income credit unions that want to use the agency’s streamlined qualification process to be certified as Community Development Financial Institutions. The application deadline is April 3.
NAFCU Highlights Advocacy Agenda in Letter to Lawmakers
NAFCU sent members of the new Congress a letter outlining the trade group’s priorities.
Bankers Say NCUA Subordinated Debt Rule Undermines Credit Union Mission
The Independent Community Bankers of America and the American Bankers Association have criticized the NCUA for a final rule allowing low-income, complex and new credit unions to issue subordinated debt.
PPP Loans Approved for Businesses on Treasury 'Do Not Pay List,' IG Report Finds
The Inspector General of the Small Business Administration warned that during the earlier Paycheck Protection Program lending, businesses on a Treasury Department "Do Not Pay" list were approved for $3.6 billion in loans. It is not clear how much of the money was actually distributed.
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Democratic Control Likely to Increase Focus on Consumer Protection
Former NCUA board members and credit union lobbyists speculate on the legislative changes that will occur now that the Democrats will control the Senate.
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As Political Strife Intensifies, CUNA Delays Political Contributions
CUNA has decided to temporarily suspend all campaign contributions. Its PAC is one of the largest contributors to the members of Congress objecting to counting Electoral College votes from Arizona and Pennsylvania.
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NCUA Personnel Moves: Cole Retires; Hauptman Hires Sarah Canepa Bang
NCUA staff moves: J. Owen Cole is retiring and Sarah Canepa Bang has been hired by Vice Chairman Kyle Hauptman as his senior advisor.
Kyle Hauptman Sworn In as NCUA Board Member
Kyle Hauptman was sworn in by Chairman Rodney Hood as a member of the National Credit Union Administration board on Monday, December 14, 2020.
Biden Names CU Executive Bill Bynum, Former CFPB Deputy Director Leandra English to Transition Team
President-elect Joe Biden has appointed his Consumer Financial Protection Bureau transition team and his Federal Reserve, Banking and Securities transition team. The appointees best known by the credit union community are Bynum and English. The rest of the appointees are listed in this article.