A full, three-person board at the NCUA is best equipped to handle issues facing the credit union industry, CUNA wrote to the Senate Banking Committee, prior to testimony from NCUA board nominees Rodney Hood and Todd Harper.
The NCUA board issued a proposed rule on supervisory committee audits and heard about a final interagency flood rule that implements the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
The Senate Banking Committee will hear testimony from NCUA board nominees Rodney Hood and Todd Harper during a hearing Feb. 14. Hood was re-nominated by President Donald Trump in January and Harper was nominated in early February.
President Donald Trump nominated Todd Harper to serve as an NCUA board member today. Until 2017, Harper served as the Director of Public and Congressional Affairs and as the Chief Policy Advisor to the Chairman at the NCUA.
The NCUA board has announced its meeting schedule for 2019. The open board meetings are generally held at 10 a.m. (ET) at the agency’s Alexandria, Va. headquarters, and video is live streamed on NCUA.gov.
The NCUA awarded $2 million in grants to 203 low-income credit unions, funding from the agency’s Community Development Revolving Loan Fund. CUNA successfully fought to restore funding when the CDRLF was zeroed out for fiscal year 2018.
The D.C. Circuit Court of Appeals has set a briefing schedule for the appeal of the field-of-membership lawsuit brought against NCUA by the ABA. CUNA fully supports NCUA in its appeal, and plans to submit an amicus brief.
CUNA submitted additional written comments to NCUA Friday on the agency’s proposed 2019 operating budget. CUNA’s letter follows up CUNA Senior Economist Mike Schenk’s presentation to the board at its budget briefing earlier this month.