Chairman Todd Harper: We Will Collect More Share Overdraft Data & Separate Consumer Compliance Ratings to Be Considered? The Brookings Speech

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

NCUA Chairman's Remark at Brookings Institute: Regulatory Changes & Credit Union Developments

This podcast features Samantha Shares discussing NCUA Chairman Todd Harper's remarks at the Brookings Institute. The main topics involve the National Credit Union Administration’s plans to gather more data on overdrafts and possibly shift towards a CAMEL-like rating for consumer compliance or a separate consumer compliance exam. Samantha goes on to share educational insights from her sponsor, Credit Union Exam Solutions Incorporated. Listeners also learn about the NCUA chairman's responses during the Q&A session, including imminent reporting requirements for large credit unions with over one billion in assets. The podcast is also enriched by Chairman Harper’s prepared remarks about the NCUA's regulatory landscape, the importance of consumer protection, and the future challenges of the credit union system.

00:00 Introduction and Overview
00:02 Insights from NCUA Chairman's Remarks
00:50 Sponsorship and Services
01:19 Discussion on Overdraft Data Reporting
02:36 Implications for Consumer Compliance
03:56 Chairman Harper’s Prepared Remarks at the Brookings Institute
07:48 Credit Union Performance Data and Warning Signs
12:16 Vendor Authority and Risks
19:05 Central Liquidity Facility and its Importance
22:18 Consumer Financial Protection
24:30 Closing Remarks and Future Directions
27:13 Conclusion and Contact Information