Harper
named NCUA Board chair; NAFCU follows up with key issues
President
Joe Biden Monday named Todd Harper as NCUA Board chair. NAFCU President and CEO
Dan Berger spoke with Harper after the announcement to congratulate him on the
appointment. The two discussed NAFCU's strong working relationship with the
NCUA and opportunities to strengthen the credit union industry.
Following
Senate confirmation, Yellen to serve as Treasury Secretary
The Senate
Monday, via a 84-15 bipartisan vote, approved the nomination of former Federal
Reserve Chair Janet Yellen to serve as Treasury Secretary. NAFCU worked closely
with Yellen during her time on the Federal Reserve Board, including meeting with her at the Fed's headquarters.
NAFCU's
Long: What NCUA's ANPR on RBC means for CUs
In a new post on the
association's CFO Network, NAFCU Chief Economist and Vice President of Research
Curt Long detailed the NCUA's recent advanced notice of proposed rulemaking
(ANPR) on risk-based capital (RBC). The NCUA approved the ANPR board’s January
meeting and is seeking feedback on simplification of the RBC rule, scheduled to take effect in 2022.
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NAFCU
monitoring FOMC’s first 2-day meeting of 2021
The Federal Open Market
Committee (FOMC) – the Fed's monetary-policy setting arm – begins its
first meeting of 2021 today and is expected to hold the federal funds target rate
range at its current 0 percent to 0.25 percent for the foreseeable future.
