During a recent CUNA News Podcast interview at the 2019 African-American Credit Union Coalition Conference in Charlotte, N.C., NCUA Chairman Rodney Hood discussed the need for financial inclusion, small credit unions, easing credit unions’ regulatory burden, innovation, fintechs, and more.
President Donald Trump nominated Hood for the NCUA Board on Jan. 19, 2019. After confirmation, he took the oath of office on April 8, 2019, and President Trump designated him as the agency’s 11th chairman.
Hood previously served on the NCUA Board from November 2005 until August 2009.
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In this episode:
1:29 Providing more Americans with access to affordable financial products
3:12 The role of small and minority credit unions
7:00 How the NCUA is modernizing it regulatory structure to ease the burden on credit unions
9:30 How the NCUA is improving the format and structure of the examination process
11:15 How credit unions should respond to the impact of innovation
13:00 The risks presented by fintech
14:20 The state of credit unions today