NCUA Chairman Hood touts continued flexibility
Published by: Emily Leite
September 30, 2020 | Government Affairs, Regulatory
As credit unions continue to navigate uncertainty associated with the ongoing pandemic, the League is working tirelessly on your behalf to provide greater regulatory flexibility and transparency moving forward. That’s why we asked National Credit Union Administration (NCUA) Chairman Rodney Hood to join the Virtual Hill Hike to discuss how the following topics impact credit unions and how they serve their members:
- Proposed NCUA budget and assessment rates
- CECL impact study and delay
- Permanent virtual examinations
- Capital ratio relief
- Diversity, equity, and inclusion efforts at the NCUA and within credit unions
- Continued regulatory forbearance and flexibility
Chairman Hood emphasized how credit unions continue helping people, families, businesses, and communities weather the current health and economic crises, as well as ways the Movement can guarantee a more financially equitable society. As a federal regulator, Chairman Hood is committed to providing credit unions regulatory clarity and necessary resources to empower further the “people helping people” philosophy.
The League and CUNA look forward to continuing the fight for Movement regulatory priorities to help credit unions navigate uncertain times. To learn more about Chairman Hood’s comment, catch the recorded conversation or reach out to the League’s Regulatory Counsel Chris Noble for more information.
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