Regulatory & Compliance

J. Mark McWatters resigns from the NCUA board in a short letter to the White House.

Under most circumstances, those two votes would doom Hood's plan.

Harper, who is likely to become chair in January, says, "Credit unions need to brace themselves for that eventual reality."

Trade groups urge the agency to allow such capitalization for those facing financial hardships as a result of the pandemic.

CFPB officials say they are suspending the reorganization plan announced shortly before the election.

Several provisions of the CARES Act will expire at year-end without congressional action.