Hood to Testify Before Senate Banking Committee TODAY

Rodney Hood, National Credit Union Administration Chairman

Rodney Hood, the new chairman of the National Credit Union Administration board, will also be in the spotlight this week. Hood will make an appearance before the Senate Banking Committee to discuss oversight of financial regulators today at 9:30 am.

The hearing will be webcast live, and may be viewed HERE.

The session is expected to focus on the current expected credit loss standard, which is also known as CECL, that will change how financial institutions account and manage for potential loan losses. Hood will be joined by Jelena McWilliams, chairman of the Federal Deposit Insurance Corp.; Comptroller of the Currency Joseph Otting; and Randal Quarles, vice chairman for supervision of the Federal Reserve’s Board of Governors.