March 28, 2019

NAFCU sends priorities to NCUA's Hood, Harper

On Wednesday, NAFCU President and CEO Dan Berger outlined several regulatory priorities for newly confirmed NCUA Board members Todd Harper and Rodney Hood as they begin their tenures at the agency.

In addition to focusing on credit union priorities, Berger shared with Hood and Harper top regulatory issues the board should consider, which include:

  • the current expected credit loss (CECL) standard; 
  • federal credit union bylaws;
  • real estate appraisals;
  • the federal credit union loan interest rate ceiling;
  • the risk-based capital rule;
  • payday alternative loans; and
  • subordinated debt (alternative capital).

Hood previously served on the board from 2005-2010 and will fill a six-year term that will expire in 2023. He 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 will fill 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.

Last week, in a Credit Union Journal op-ed to the new NCUA Board, NAFCU Director of Regulatory Affairs Ann Kossachev outlined top issues the association would like the NCUA to consider this year as well as ways to help reduce the regulatory burden for credit unions.