NCUA Vice Chair Hauptman Meets with CEOs at GAC 2024

CCUA CEOs were given the opportunity to meet with NCUA Vice Chair Hauptman yesterday afternoon during GAC 2024. Throughout the discussion, Vice Chair Hauptman outlined key regulatory priorities, efforts concerning artificial intelligence (AI), and potential regulations addressing climate risk.

Amidst an engaged audience, Vice Chair Hauptman spoke about pertinent issues such as credit union members' utilization of overdraft protection programs. He cited how the current market plays a significant role with consumers having access to both digital and physical banking. Vice Chair Hauptman addressed accessing liquidity, especially for small credit unions. He noted that under his leadership, the NCUA streamlined the application process to join the central liquidity fund, reducing onerous barriers to access. In addition, Vice Chair Hauptman highlighted the current economic reality of large loans provided at low interest rates in the current environment of high interest rates.