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NCUA Chairman Todd Harper spoke at CONNECT 2023, the MD|DC Credit Union Association’s annual meeting and convention Tuesday.
Harper discussed the safety and soundness of the credit union system, interest rate and liquidity risk, the NCUA’s recent Request for Information on climate-related financial risk, the NCUA’s recently proposed rule on charitable donations accounts, and cybersecurity risks facing the financial services sector.
NCUA’s focus going forward will remain on the strength of the system, the needs, and rights of credit union members, and the NCUA’s preparedness to respond to evolving economic conditions," he said. "As such, the NCUA will continue to be fair and forward looking; innovative, inclusive, and independent; risk focused and ready to act when needed; and engaged appropriately with stakeholders to develop effective regulation and efficient supervision.
This regulatory philosophy will continue to drive the NCUA’s actions in the years ahead. In doing so, we will prioritize capital and liquidity, cybersecurity, consumer financial protection, and inclusion. And, by inclusion, I mean both diversity, equity, and inclusion within our agency and within the credit union system," he added. "And, to keep pace with the changing competitive and technological landscape, the NCUA will continue to foster innovation within the agency and credit unions, while balancing consumer financial protection and financial stability."
Harper's full remarks are available on NCUA.gov.