Since their inception, credit unions have grown rapidly, providing financial services to millions of American families and many businesses. What started as a small group of nonprofits bound by a common bond has become a full blown national and global movement. Today there are more credit unions than banks in America. Over 130 million Americans are members of a credit union, some of which take just a few clicks to join. It has never been more important to examine how credit unions should be regulated to achieve their nonprofit mission of providing high quality financial services to their members.
The National Credit Union Administration (NCUA) is the federal regulator for all credit unions in America, and, as of this year, a majority of its board members were appointed by President Biden. On Tuesday, February 6, NCUA Chairman Todd M. Harper outlined his regulatory agenda and then sat down with Center on Regulation and Markets (CRM) Senior Fellow Aaron Klein for a conversation on the future of credit union regulation in America. This event is a part of CRM’s Series on Financial Markets and Regulation.
Viewers joined the conversation and asked questions of Chairman Harper by emailing firstname.lastname@example.org or on X/Twitter using the hashtag #CURegulation.
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