Newsroom
Hood named NCUA Board chair; Harper sworn in
Rodney Hood was named chairman of the NCUA Board Monday as he was sworn into office. He replaces J. Mark McWatters, who will remain on the board; McWatters' term is set to expire in August. New NCUA Board Member Todd Harper was also sworn into office Monday. NAFCU President and CEO Dan Berger spoke with Hood and Harper yesterday to congratulate them.
In response to news that President Donald Trump had named Hood chairman, Berger issued this statement:
"NAFCU congratulates Rodney Hood on being named NCUA Board chairman, and we look forward to working with him as he leads the agency," said Berger. "With his previous experience serving on the NCUA Board and industry knowledge, Mr. Hood will be an asset to the agency as it tackles some of credit unions' most pressing problems.
"We also appreciate Mark McWatters' efforts as chairman to bring about regulatory relief for the industry and transparency at the NCUA. We are confident the new NCUA Board will be a strong regulator for credit unions."
In a press release, Hood said he "look[s] forward to leading the agency and focusing on the safety and soundness of America's credit unions as they operate in today's ever-changing marketplace." Some of the issues Hood plans to address while chair include:
- enhancing and modernizing the federal credit union charter;
- addressing capital reform issues;
- addressing cyber security issues;
- creating opportunities for credit unions to serve vulnerable communities; and
- reducing regulatory burdens.
Berger also released this statement after Harper was sworn in:
"Todd Harper has a strong understanding of credit union issues," said Berger. "We look forward to working with him, new board Chair Hood and board member McWatters as they tackle important industry issues."
Harper, in a release, said he plans to focus on capital, liquidity and cybersecurity, as well as consumer protection duties and access to affordable credit for unbanked and underserved consumers.
Hood previously served on the board from 2005-2010 and fills a six-year term that will expire in 2023. His seat replaces Board Member Rick Metsger, whose term expired in August 2017 but had indicated he would serve until his replacement had been confirmed.
Harper previously served as the director of public and congressional affairs and chief policy advisor to the chairman at the NCUA. He fills a six-year term that expires in 2021; this board seat was previously held by former NCUA Chairman Debbie Matz, who left the board in April 2016.
Share This
Related Resources
Add to Calendar 2024-03-13 14:00:00 2024-03-13 14:00:00 Digital Assets in Credit Unions: What Are the AML Risks? The digital asset boom is upon us. Like it or not, you have to deal with it effectively with your members, credit unions are on the frontlines of crypto adoption. Even the NCUA has been providing more and more guidance on different aspects of digital assets. You need to be prepared. How? By understanding the core basics of digital assets (specifically cryptocurrencies) the risks that it poses to credit unions and how you can be better prepared to handle issues when they arise. In this webinar, Understanding the Digital Assets Boom, you’ll focus on the basics of digital assets, a background of cryptocurrencies and types, the regulations that are established and the proposals that are being considered and how to position yourself to understand all of these components and include them in your day-to-day roles. Key Takeaways Comprehend the basics of digital assets including cryptocurrencies Understand currently established regulations and what the future has in store, specifically in 2024 Identify and remediate issues that arise in your credit union Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until March 13, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Digital Assets in Credit Unions: What Are the AML Risks?
Credits: NCCO, NCRM
Webinar
How AI Drives More Affordable Credit Access
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-03-01 14:00:00 2024-03-01 14:00:00 Understanding the New Beneficial Ownership Rules In 2021, Congress passed the Corporate Transparency Act, which requires companies to report their beneficial ownership information (BOI) directly to the Financial Crimes Enforcement Network (FinCEN). Since that law was passed, FinCEN has issued multiple rulemakings to enact the law’s requirements – including discussing which information must be reported to FinCEN and how credit unions and other financial institutions can access that information from FinCEN’s database. In this webinar, Understanding the New Beneficial OwnershipRules, you’ll explore these recent rulemakings and how they affect Bank Secrecy Act (BSA) compliance for credit unions. Key Takeaways Learn what information FinCEN will be collecting from reporting companies Determine how a credit union can access information that has been provided to FinCEN Discover the uses of BOI obtained from FinCEN Look ahead at what other updates could be coming from FinCEN Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until March 1, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCBSOs NCCOs BSA and compliance Education Credits NCCOs will receive 0.5 CEUs for participating in this webinar NCBSOs will recieve 0.5 CEUs for participating in this webinar About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, DC. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU digital@nafcu.org America/New_York public
Understanding the New Beneficial Ownership Rules
Credits: NCCO, NCBSO
Webinar
Empowering Lenders: Key Insights on the State of Vehicle Accessibility in 2024
Consumer Lending, Leadership
preferred partner
Open Lending
Blog Post
Get daily updates.
Subscribe to NAFCU today.