NCUA Board approves six measures, including final rule on subordinated debt instruments

At its Thursday meeting via live audio webcast, the first of 2021, the NCUA’s board of directors approved six items.

Measures approved include:

Credit Union Times reported that Boardmember Todd Harper, a Democrat, objected to several of the proposals that were adopted, while Republicans Rodney Hood, chairman, and Boardmember Kyle Hauptman approved the measures.

The board was also briefed on the agency’s ACCESS Initiative, the Consolidated Appropriations Act, 2021 and annual adjustments to the agency’s civil monetary penalties.

Additional details about Thursday’s meeting can be accessed on NCUA’s website. The next NCUA board meeting is at 10 a.m. on Feb. 18, and can be livestreamed at ncua.gov.

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