NCUA Personnel Moves: Cole Retires; Hauptman Hires Sarah Canepa Bang
Announcing National Credit Union Administration staff moves: J. Owen Cole is retiring and Sarah Canepa Bang has been hired by Vice Chairman Kyle Hauptman as his senior advisor, reports David Baumann of the Washington Credit Union Daily.
Bankers Say NCUA Subordinated Debt Rule Undermines Credit Union Mission
David Baumann of the Washington CU Daily reports that the Independent Community Bankers of America and the American Bankers Association have criticized the National Credit Union Administration for a final rule allowing low-income, complex and new credit unions to issue subordinated debt.
Kyle Hauptman Sworn In as NCUA Board Member
Kyle Hauptman was sworn in by Chairman Rodney Hood as a member of the National Credit Union Administration board on Monday, December 14, 2020, reports David Baumann of the Washington Credit Union Daily.
Community Bankers to Continue Anti-Credit Union Campaign in Next Congress
The Independent Community Bankers of America’s anti-credit union “Wake Up” campaign will continue in the next Congress, although the trade group said it does not expect any major policy shift in how policymakers view the credit union industry, writes David Baumann of the Washington CU Daily.
Takeaways from the 2020 CU*Answers CEO Strategies Week
Credit union CEOs from around the country converged digitally on Grand Rapids for CU*Answers’ 2020 CEO Strategies Week. CUSO Magazine’s Esteban Camargo gives a recap of the events.
Biden Names CU Executive Bill Bynum, Former CFPB Deputy Director Leandra English to Transition Team
President-elect Joe Biden has appointed his Consumer Financial Protection Bureau transition team and his Federal Reserve, Banking and Securities transition team, reports David Baumann of the Washington Credit Union Daily.
Names Circulating for Biden’s CFPB, as NCUA Board Membership Remains Uncertain
With the election, change is coming to the NCUA and the CFPB, says David Baumann of the Washington CU Daily. Biden is expected to remove the current CFPB Director Kathy Kraninger and there are seven names that come up often as possible replacements. The party balance of the NCUA is going to be determined by the Senate, although Biden may change the chairman.
Toeppe Named NCUA Director of Examination and Insurance
Myra Toeppe has been named director of the Office of Examination and Insurance at the National Credit Union Administration, reports David Baumann of the Washington Credit Union Daily.
CUNA’s Nussle: PPP Loans Causing Net Worth Problems at Credit Unions
David Baumann of the Washington CU Daily reports that PPP loans are remaining on credit union balance sheets for longer than expected, causing regulatory headaches for credit union officials, according to CUNA President/CEO Jim Nussle.
Sen. Brown Questions Whether Financial Regulators Are Prepared for Pandemic Impact
As the financial health of consumers deteriorates due to the pandemic, Senate Banking Committee ranking Democrat Sherrod Brown of Ohio said he is concerned that financial services regulators, including the NCUA, are not prepared for a possible financial crisis, reports David Baumann of the Washington Credit Union Daily.
