Hood and Harper Banking Committee vote set for Feb. 26

Washington sources close to the League of Southeastern Credit Unions & Affiliates report that it is expected that a vote in the Senate Banking Committee for NCUA board nominees Rodney Hood and Todd Harper should take place on Feb. 26. Both have recently testified before the Committee.

 

According to CUNA News, Harper’s testimony focused on his contributions to the Credit Union Membership Access Act and other legislation, as well as helping to organize the first hearing on the Temporary Corporate Credit Union Stablization Fund during the financial crisis.

 

“In my view, financial regulators need to be fair and forward looking; innovative, inclusive, and independent; risk focused and ready to act expeditiously when necessary; and appropriately engaged with all stakeholders to develop effective, but not excessive, regulation,” he said.

Hood’s testimony highlighted his expertise in the financial services industry and understanding of financial regulators. He also referenced the launch of NCUA’s Enterprise Risk Management Summits as one of his highlights from his previous term on the NCUA board.

 

If confirmed by the Senate Banking Committee, both would still need full confirmation by the U.S. Senate, which could happen anytime in March.