The board will address its 2017-2020 strategic plan, which trades say should focus on reg relief, at its next meeting.
A slow-moving Senate and Herrera’s ties to the Center for Responsible Lending could delay his journey to the NCUA board.
Herrera is SVP for Latino and Hispanic affairs at Self-Help CU, and co-founder and board chair of Latino Community CU.
Consulting firm KBR&C finds advisory revenue as a share of total revenue increased 39% in CUs year over year.
Fintech lenders fight for the freedom to innovate while NAFCU and the ABA call for more regulation.
About 65% of credit unions would be eligible for regulatory relief.
The bill proposals also include an 18-month exam cycle, a repeal of the Volcker rule and a CFPB commission.
How credit unions might be caught up in election-year politics.
The GAO is including the NCUA in its probe of regulatory capture among financial regulators.
CUNA’s CEO will appear before the House Financial Services Committee Tuesday.