New position goes to 22-year agency veteran Matthew Biliouris.
The Senate Banking Committee has scheduled a July 16 closed session to vote on six nominees, including NCUA Board hopeful Richard Metsger.
Rule finalized in June now to kick in on Sept. 23 instead of July 25, with guidance promised by then.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”
Rick Metsger, a former Oregon state senator who has sponsored credit union legislation and once served on a credit union board, was nominated by President Barack Obama May 15 to serve on the NCUA Board.
NCUA Board Members Debbie Matz and Michael Fryzel said they are eagerly anticipating comments on a rule that would grant new investment authorities but could set a pay-to-play precedent that concerns trade associations.
Last week Credit Union Times, via CUTimes.com, broke the story that former Oregon Senator Rick Metsger was going to the be the White House’s nominee to fill the vacant seat on the NCUA Board, later confirmed by the administration.
ALEXANDRIA, Va. — A final derivatives rule could cost the agency as much as $16 million over three years.
If recent history is any indicator, nomination to the NCUA Board is no assurance of joining the NCUA Board, at least not quickly.