Recent NCUA actions have been positive for credit unions, but there are areas the agency can improve, CUNA wrote to the House Financial Services Committee Tuesday. The committee will hear semi-annual testimony Wednesday from NCUA Chairman Rodney Hood, and CUNA’s letter was sent for the hearing’s record.
CUNA’s letter also calls on NCUA to continue coordination with other federal regulators, including but not limited to the Consumer Financial Protection Bureau and the Federal Communications Commission.
Recent actions that have been positive for credit unions include NCUA’s:
Areas in which NCUA can improve include:
The letter also noted that NCUA board member Todd Harper’s proposed expansion of NCUA’s Office of Consumer Protection is not warranted.