Law and regulation

With Mark McWatters out, what’s next for NCUA?


The biggest questions following the former chairman's resignation aren't about regulation but whether the agency can recapture a spirit of bipartisanship and collaboration.


Week ahead: Changes at NCUA, recession fears worsen


It remains unclear how Mark McWatters's departure will impact the credit union regulator, and there is growing evidence that the country could face a "double-dip recession."


Mark McWatters resigns from NCUA board


The former chairman butted heads with colleagues over the agency’s budget this week, and the Senate is expected to vote to confirm a successor early next month.


NCUA considering outside help to boost diversity survey participation


The credit union regulator's November board meeting covered a variety of issues, including the voluntary self-assessment, disagreements on the budget proposal and the possibility of new insurance premiums in 2021.


Week ahead: Budget proposal, diversity on tap for NCUA board meeting


Credit unions will have their first opportunity to hear from the federal regulator about its recently released budget proposal and also get an update on the agency's diversity self-assessment.


Biden adds bank critics to transition team; will Biden get any Fed picks?


The group includes many advocates for stricter bank regulation from the Obama administration; the president-elect may have as many as three open seats on the central bank or as few as none.


NCUA's Hood to Senate panel: Extend CARES Act provisions for credit unions


The chairman of the National Credit Union Administration said during his limited time in a Senate Banking Committee hearing that he hoped changes to the agency's Central Liquidity Facility would last for the duration of the pandemic.


Week ahead: Credit unions lay out lame-duck priorities


The industry is calling for lawmakers to extend changes to NCUA's Central Liquidity Facility and more before Congress adjourns.


Ex-CFTC chief Gensler and banker advising Biden on Wall Street


Former Commodity Futures Trading Commission Chairman Gary Gensler and KeyBank NA executive Don Graves have been tapped to examine financial regulators as part of Joe Biden’s presidential transition, according to a person familiar with the matter.


CFPB investigating Regions’ overdraft practices


The bank disclosed in a regulatory filing that it is in the process of responding to a civil subpoena from the Consumer Financial Protection Bureau. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who overdraw their accounts.