Harper: Exams Demonstrate Need for Consumer Protection Focus

Citing deficiencies that National Credit Union Administration examiners found during the past year, board Chairman Todd Harper renewed his call Thursday for the agency to develop a separate consumer protection examination.

“We should be going in and looking at [credit union] consumer protection compliance systems,” Harper said, during his confirmation hearing before the Senate Banking Committee.

NCUA Board Republicans Force Votes on Contentious Rules

The partisan divisions on the National Credit Union Administration board came to the forefront Thursday, as Republican members of the board voted to bring three contentious final rules to the board over the objection of Democratic board Chairman Todd Harper.

GOP board members Rodney Hood and Kyle Hauptman voted to force a rule governing the activities of Credit Union Service Organizations onto the October agenda. They voted to force a rule governing service facilities onto the November agenda and they voted to force a rule governing the purchase of mortgage servicing rights by credit unions onto the December agenda.

GOP NCUA Board Members to Push Divisive Rules to a Vote

The two Republicans on the National Credit Union Administration board intend to join forces to bring final rules that Chairman Todd Harper opposes to a vote by the agency board, Washington Credit Union Daily has learned.

Republicans Rodney Hood and Kyle Hauptman intend to push three final rules onto the board agenda starting in October, according to a source familiar with the agency. The three rules were considered as proposed rules before Harper, a Democrat, was appointed as chairman to replace Hood. As a board member, he opposed the three rules. They have not been brought back to the board in final form.