NCUA Chairman Todd M. Harper speaks at the Brookings Institution today
ALEXANDRIA, VA (February 6, 2024) — National Credit Union Administration Chairman Todd M. Harper spoke today at the “Agenda for Credit Union Regulation” event, which the Brookings Institution hosted. During his remarks, Chairman Harper discussed the evolving landscape of the financial services sector and the need for NCUA’s regulator structures to keep up and adapt. He also discussed the upcoming 90th Anniversary of the Federal Credit Union Act and the NCUA’s legislative priorities, including restoring the Central Liquidity Facility’s agent membership provisions and third-party vendor authority. He also discussed the NCUA’s supervisory priorities for 2024.
“The NCUA’s legislative requests and initiatives are aimed at safeguarding credit union members’ choice of financial institution and ensuring their savings are equally protected,” Chairman Harper said. “Similarly, the agency’s initiatives to support small credit unions and minority depository institutions, streamline the charter process, and amend field-of-membership rules will enhance consumer access to safe, fair, and affordable financial services, especially in under-resourced communities across the country. Together, these efforts can help ensure the credit union system thrives in an increasingly competitive marketplace while remaining faithful to its statutory mission of meeting the credit and savings needs of members, especially those of modest means.”
Chairman Harper’s remarks are available on the NCUA’s website.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
