The National Credit Union Administration may begin a reopening transition plan that could include voluntary on-site credit union exams as early as July 6, NCUA Chairman Rodney Hood said Thursday.
Kyle Hauptman, President Trump’s choice to join the National Credit Union Administration board, hates Dodd-Frank.
He has made that clear repeatedly.
That could cause some friction between Hauptman and Democratic board member Todd Harper and his policy advisor, Catherine Galicia, both of whom worked on Dodd-Frank when Congress passed it.
President Trump on Monday announced his intention to nominate Kyle Hauptman to be a member of the National Credit Union Administration board.
If confirmed by the Senate, Hauptman would replace Republican Mark McWatters.
“We can do more.”
That was the message National Credit Union Administration board member Todd Harper delivered Thursday, as he outlined his preliminary plans to increase the importance of economic equality and justice in the credit union community.
The chairman of the controversial Consumer Financial Protection Bureau’s Task Force on Consumer Financial Law this week defended the panel from charges that its membership is loaded with advocates of deregulation and pledged to hold an open hearing this summer.
The National Credit Union Administration will work with the federal Export-Import Bank to help link credit unions with exporters in need of credit, the two agencies announced Tuesday.
Two financial regulators—the National Credit Union Administration and the Federal Deposit Insurance Corporation—are taking differing positions on whether institutions under their supervision are safe to provide services to marijuana-related companies.
Reflecting on recent racial strife, National Credit Union Administration Chairman Rodney Hood on Tuesday called on Americans to have “difficult conversations” about diversity and inclusion in their communities.
The National Credit Union Administration will continue conducting credit union examinations offsite because of the coronavirus crisis but will resume issuing reports written as a result of the exams, NCUA Chairman Rodney Hood announced Thursday.
The National Credit Union Administration decided to count military personnel in determining whether a credit union qualifies for a low-income designation without using the regulatory process required by law, the trade group representing the nation’s community bankers charged this week in a letter to the NCUA’s Inspector General.
In her letter, Independent Community Bankers of America President/CEO Rebeca Romero Rainey called on the IG to begin an investigation into whether the agency violated the Administrative Procedures Act, which requires that proposed rule changes must be open to public comment before they are adopted.