The Senate Banking Committee on Oct. 19 will hold a confirmation hearing on the nomination of Tanya Otsuka to be a member of the NCUA board, reports David Baumann of CUCollaborate.
In response to the vocal criticism of the proposed 9.6% increase to NCUA’s operating budget for 2023, the board finalized its spending plan with $6.7 million cut from the final numbers reports Esteban Camargo.
CUCollaborate’s David Baumann reports on the latest finding from the NCUA’s quarterly credit union data summary for the third quarter of 2022.
Tuesday, September 20, Chairman Todd Harper published a letter to federally insured credit unions announcing that the organization would be entering Phase 3 of its onsite operations plan, originally announced back in June 2020 in the midst of the global pandemic, reports Esteban Camargo.
The National Credit Union Administration board will consider a proposed rule governing succession planning at credit unions on Jan. 27, reports David Baumann of the Washington Credit Union Daily.
The NCUA board agreed to a compromise budget that will return $15 million to credit unions next year and set the agency’s normal operating level at 1.33% for 2022, reports David Baumann of the Washington Credit Union Daily. The NCUA board also made decisions on final rules for the capital adequacy regulation and mortgage servicing rights.
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.