The NCUA should fund a Climate Resilience Office as part of its 2024 budget, environmental, progressive and consumer groups told the agency this month. CUCollaborate’s David Baumann reports.
As NCUA Assists Vermont Credit Unions Affected by Floods, GAO Takes Shot at National Flood Insurance Program
While NCUA is offering assistance to Vermont credit unions affected by historic flooding, the Government Accountability Office is urging FEMA to increase premiums on the National Flood Insurance Program to keep it from further sinking under water, reports CUSO Magazine’s Esteban Camargo.
On Tuesday, July 18th, the House Financial Service Committee will hold a hearing to discuss climate-change policy issues and whether financial regulators such as the NCUA can remain politically independent on the topic, reports Emily Claus.
As the NCUA calls for comments on climate change and conducts research into how it may effect federally-insured credit unions, a few agencies and credit union executives are pushing back, arguing the NCUA is ignoring bigger priorities, reports Emily Claus.
In a time of increasing natural disasters, Danielle Caliendo urges credit unions to re-examine their business continuity plans and adjust for the possible shifting weather conditions and events that climate change might bring.
Under fire from farm state elected officials, the National Credit Union Administration board emphasized at its March meeting that the agency will not micromanage credit union policies as credit unions consider the risks of climate change. Other issues were also discussed, reports David Baumann of the Washington Credit Union Daily.
Federal financial regulators, including NCUA Chairman Todd Harper, endorsed a plan to ensure that agency rules and policies address the risks of climate change, reports David Baumann of the Washington Credit Union Daily.