CUNA brought its serious concerns about the FCC's scheduled June 6 vote on default call blocking to the attention of NCUA Chairman Rodney Hood Tuesday, requesting he intervene and ask that FCC delay and reconsider the ruling.
More than 5,500 eligible institutions will receive dividends totaling $160.1 million from the National Credit Union Share Insurance Fund starting this week, according to NCUA. Credit unions have received statements indicating the amounts they will receive.
Members of the House Financial Services Committee expressed concerns about CECL and cited CUNA data on credit union issues with the standard Tuesday in a hearing with NCUA Chairman Rodney Hood, who said his agency shares those concerns.
The NCUA board will issue a proposal on public unit and non-member shares, see a briefing on the Office of Credit Union Resources and Expansion and receive an update on the share insurance fund at its May 23 meeting.
NCUA should take steps toward enhancements to the credit union charter, while improving cybersecurity efforts and reducing regulatory burden, CUNA President/CEO Jim Nussle wrote advance of NCUA Chairman Rodney Hood’s Congressional testimony.
The suggestion that banks and credit unions resemble each other is laughable, CUNA Chief Advocacy Officer Ryan Donovan said in response to banker opposition to CUNA’s request that the CFPB hand over supervision to the largest credit unions to NCUA.
NCUA and the Small Business Administration Tuesday launched a three-year collaborative effort to bring small businesses and credit unions together and help credit unions better understand and make use of SBA-backed loans and resources.
The NCUA Board issued an advance ANPR Thursday and new Chairman Rodney Hood said he intends to focus on several areas as chairman, including enhancing the credit union charter, enhancing cybersecurity efforts and reducing regulatory burden.