President Donald Trump announced Monday the nomination of Kyle Hauptman to the NCUA board. He is currently an advisor for Sen. Tom Cotton (R-Ark.) on economic policy and staff director of the Senate Banking Committee’s subcommittee on economic policy.
CUNA Chief Advocacy Officer Ryan Donovan gave an update on the latest phase of COVID-19 relief legislation, among other topics in his Advocacy Update video for this week. Both chambers of Congress are in session this week.
NCUA Chairman Rodney Hood responded to CUNA/League concerns about the effects of the coronavirus outbreak Tuesday following a meeting with CUNA President/CEO Jim Nussle, expressing expressing appreciation for the work that credit unions are doing for communities.
The NCUA board issued a corporate credit union proposal, adopted a final interagency policy statement on the CECL standard at its Thursday meeting, in addition to hearing briefings on credit union mortgage rates and the NCUSIF.
More than 5,000 credit union professionals will be in Washington, D.C. next week for CUNA’s GAC and CUNA Chief Advocacy Officer Ryan Donovan told Congress they are looking forward to meeting with policymakers on ways to advance communities.
CUNA supports the FTC's proposed changes to its Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security system to protect consumer information and is being reviewed in the wake of recent data breaches.
CUNA, state leagues individual credit unions and other strategic partners are working to deepen diversity, equity and inclusion throughout the industry at both the organizational and member levels, writes CUNA's Samira Salem in Credit Union Journal.