The Senate Banking Committee and the House Financial Services Committee heard testimony on economic and regulatory developments from FRB Vice Chair for Supervision Michael S. Barr, FDIC Acting Chair Martin Gruenberg, Acting Comptroller Michael J. Hsu and NCUA Chair Todd M. Harper.
News & Insights
The National Credit Union Administration provided guidance clarifying permitted activities and obligations with respect to relationships between federally insured credit unions and the third-party providers of digital asset services.
The National Credit Union Administration Board extended the comment period on the impact of digital assets and related technologies on federally insured credit unions, related entities, and the NCUA.
A National Credit Union Administration board proposal to establish a simplified method of measuring capital adequacy for complex credit unions was published in the Federal Register.
The National Credit Union Administration Board set September 27, 2021, as the deadline for comments on the existing and potential impact on federally insured credit unions, related entities and the NCUA resulting from activities connected to digital assets and related technologies.