FOR IMMEDIATE RELEASE
December 3, 2019
CUNA comments on NCUA positive actions, improvement areas ahead of Hood Hearing
Credit Union National Association (CUNA) today wrote to the House Financial Services Committee ahead of its semiannual testimony hearing from National Credit Union Administration (NCUA) Chairman Rodney Hood. CUNA notes that recent NCUA actions have been positive for credit unions, but there are areas the agency can improve.
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.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.