Newsroom
Today: Senate Banking Committee holds nomination hearing for NCUA Chairman Harper
UPDATE: The Senate Banking Committee's hearing has been moved up to 9:30 a.m. to accommodate votes.
The Senate Banking Committee today is set to hold a nomination hearing for NCUA Chairman Todd Harper. President Joe Biden in August nominated Harper to serve a full term on the NCUA Board; Harper's previous term on the NCUA Board ended in April and he has been serving in a holdover capacity.
The hearing is scheduled for 10:00 a.m. Eastern and will be available via livestream on the committee's website.
While serving on the board, Harper has focused on consumer protection issues, financial inclusion and diversity, data security, and ensuring safety and soundness as credit unions and their members have been impacted by the coronavirus pandemic.
Harper recently provided credit unions an overview of the NCUA's current priorities, the state of the economy, and the near-term outlook during NAFCU's Congressional Caucus earlier this month.
Ahead of the hearing, NAFCU Vice President of Legislative Affairs Brad Thaler shared the association's priorities for the NCUA on several hot topics, including:
- Opposition to new premiums or major changes to the National Credit Union Share Insurance Fund (NCUSIF);
- Support for new investment authorities for credit unions;
- Opposition to granting NCUA third-party vendor authority;
- Support for credit unions adding underserved areas to their field of membership;
- Modernization of the governance process for credit unions to allow for the adoption of an expulsion policy to expel members who engage in abusive or illegal behavior; and
- Support for efforts to promote de novo credit union formation.
NAFCU will continue to work closely with the NCUA Board to achieve an effective regulatory environment that supports a strong, safe, and sound credit union industry.
The association will monitor the hearing; stay tuned to NAFCU Today for developments.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-03 09:00:00 2024-05-03 09:00:00 Blind Spots in the Boardroom Listen On: Key Takeaways: [04:19] For a board to change its practices first it needs to be committed to different outcomes. It takes about 30 times for a board to start to be in a new conversation before they start to get their brain rewired to embody the change [07:24] In merger conversations we lose sight of what is important for the member. We need to look at what the continuing organization will look like and what is the leadership the membership and continuing organization need and deserve. [12:39] An educated board and executive team are a sharper team. When you have sharper leaders in the organization good things come from that. [24:22] If we are not taking care of that relationship with the CEO then we are strategically hampered. With a good CEO evaluation, the board is higher performing, the CEO is more attentive to being high performing, and the relationship is high performing and more genitive. Web NAFCU digital@nafcu.org America/New_York public
Blind Spots in the Boardroom
preferred partner
DDJ Myers
Podcast
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Get daily updates.
Subscribe to NAFCU today.