NCUA Deputy Executive Director Jones testifies before the U.S. House Subcommittee on Financial Institutions and Monetary Policy
ALEXANDRIA, VA (July 18, 2023) — National Credit Union Administration Deputy Executive Director Rendell Jones, along with other financial regulatory agency principals, testified today at a hearing before the U.S. House Subcommittee on Financial Institutions and Monetary Policy.
Deputy Executive Director Jones provided the Committee with a summary of the NCUA’s recent climate-related financial risk request for information. He discussed the NCUA’s efforts to gain input from stakeholders to identify and understand credit unions’ current and future climate-related financial risks and the agency’s goals in issuing the RFI. He stressed that any new requirements for credit unions associated with climate-related financial risk would require changes to examination and supervision procedures and approval by the NCUA Board.
Deputy Executive Director Rendell Jones Written Testimony before the U.S. House Subcommittee on Financial Institutions and Monetary Policy
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.
