Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Chairman Todd Harper: We've Only Just Begun


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www.marktreichel.com

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- Topic: NCUA Chairman Todd Harper's vision for the future of credit unions
- Occasion: 90th anniversary of the Federal Credit Union Act
- Key principles for credit union success over next 90 years:

1. Transparency
   - Public disclosure of executive compensation (proposed rule)
   - Reporting of overdraft/NSF fees for large credit unions
   - Advocating for third-party vendor authority

2. Fairness 
   - Focus on serving underserved populations
   - Advancing diversity, equity, inclusion, and accessibility
   - New rule on quality control for automated valuation models

3. Vigilance
   - Active management of risks, especially cybersecurity
   - Proposed rule on incentive-based compensation for large credit unions

4. Foresight
   - Addressing credit union consolidation trend
   - Proposed rule requiring succession planning

- Emphasis on long-term stewardship and positive impact
- Call for continued innovation and focus on member needs

The podcast notes avoid reproducing any copyrighted song lyrics or extensive quotes from the article.


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Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIECBy Credit Union Exam Solutions Inc.


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