CUNA identified both where it has seen positive steps by NCUA as well as issues where improvements can be made in a letter for the record of NCUA Chairman Rodney Hood’s testimony before the Senate Banking Committee Thursday.
Hood previously testified this week before the House Financial Services Committee.
Recent actions that have been positive for credit unions include NCUA’s:
Areas in which NCUA can improve include:
CUNA’s letter also emphasizes that NCUA should continue coordination with other federal regulators, including but not limited to the Consumer Financial Protection Bureau and the Federal Communications Commission.