Todd Harper Selected as New NCUA Board Chairman

President Biden appointed Democrat Todd Harper to serve as board chairman of the National Credit Union Administration, replacing Republican Rodney Hood. This puts Harper as chairman over two Republicans. What can credit unions expect from the NCUA now? This article, written by our editor, is posted on the Credit Union Times website. Clicking on the link will take you to the article. There is a free, one-time registration required to visit the Credit Union Times website. Todd Harper Selected as New NCUA Board Chairman Why am I being redirected to the Credit Union Times website? This will explain: Message from

Biden Orders Regulatory Review, Casting Doubt on NCUA Proposals

President Biden has issued a temporary moratorium on regulations until they can be reviewed by people in his administration. His Executive Order, signed the day of his inauguration, says that, with a few exceptions, until rules are approved by someone designated by him, agencies should not send rules to the Federal Register for publication. Rules that have been published but have not become effective should be delayed for 60 days.

NCUA Signs Cooperation Agreement With CFPB, but Won’t Release Document

After signing a memorandum of understanding the National Credit Union Administration and Consumer Financial Protection Bureau announce that they will do a better job of coordinating the consumer protection supervision of credit unions with more than $10 billion in assets. To independently confirm that, you will have to file a Freedom of Information Request as they are not releasing the memorandum to the public.

Harper Blasts Agency Rulemaking, as NCUA Board Approves CUSO, Risk-Based Capital Proposals

At the January National Credit Union Administration board meeting, board member Todd Harper frequently found himself in the minority. Among other items, the board considered a proposed rule to change the definition of Complex Credit Union, a proposed rule that would expand permitted activities of Credit Union Service Organizations, and an advance notice of proposed rulemaking to make changes to the NCUA Risk-Based Capital.

NCUA Board Facing Potentially Contentious Issues

The agenda for the January board meeting of the National Credit Union Administration has been released. On the agenda is a rule on Risk-Based Net Worth, an Advance Notice of Proposed Rulemaking on the simplification of Risk-Based Capital Requirements, a proposed rule on CUSOs, a notice of proposed rulemaking on the CAMELS rating system and the agency’s annual performance plan.