NCUA Chairman Harper's Written Testimony to the Senate Banking Committee.
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This episode of Samantha Shares presents an audio version of NCUA Chairman Todd Harper's written testimony before the Senate Banking, Housing, and Urban Affairs Committee. The testimony covers the performance and challenges of the credit union system in 2023, including mixed outcomes due to market competition and rising interest rates, financial stresses, and increases in delinquency rates. Harper discusses the state ofthe National Credit Union Share Insurance Fund, legislative requests for enhancing NCUA's authority, efforts to improve cybersecurity, consumer financial protection, support for minority depository institutions, and initiatives for diversity, equity, inclusion, and accessibility within the credit union system. Sponsored by Credit Union Exam Solutions Incorporated, the episode also mentions ways Credit Union Exam Solutions assists clients with NCUA examinations and highlights the importance of managing liquidity risk, cybersecurity threats, and ensuring adherence to consumer protection laws.
00:00 Introduction to NCUA Chairman's Testimony
00:18 Sponsorship and Additional Resources
00:47 Overview of NCUA's Work and Credit Union System State
03:03 Credit Union System Performance Analysis
05:22 External Factors and AI in the Credit Union System
07:57 Share Insurance Fund Performance Insights
09:26 Central Liquidity Facility's Role and Performance
12:29 NCUA's Initiatives for System Protection and Enhancement
12:56 Cybersecurity Enhancements and Consumer Financial Protection
19:41 Support for Minority Depository Institutions and DEIA Efforts
27:59 Rulemaking Activities and Legislative Requests
37:28 Conclusion and Contact Information
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