ALEXANDRIA, Va.—During a Women in Housing and Finance Public Policy Lunch, NCUA Vice Chairman Kyle Hauptman offered an overview on a range of credit union issues and a look at how industry issues and how the agency is responding.
Hauptman stressed financial inclusion and member service within the credit union community are important to him and NCUA, and said the agency is open to credit union feedback, according to NAFCU Senior Regulatory Counsel Aminah Moore, who attended the luncheon.
As he has in other remarks, Hauptman commented on de novo credit unions. Hauptman has called the process of chartering a credit union overly-burdensome in the past, describing the issue as one of “inclusion” of underserved communities are unable to overcome the hurdles involved in creating a new credit unions.
He noted the House earlier this summer cleared the Promoting New and Diverse Depository Institutions Act, which would require federal financial regulators to conduct an 18-month study examining the challenges perspective de novo institutions face.
Digital & Crypto
Hauptman also shared his thoughts on digital assets and crypto innovation. Like other board members, Hauptman has expressed support for ensuring credit unions are not left behind as innovations in digital assets and currencies continue to expand.
Women in Housing and Finance describes itself as a nonpartisan association that promotes its members in the fields of housing and financial services, offering programs and opportunities in housing, financial services, professional enrichment and leadership enhancement.
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