Regulatory Update, 12-10-2018, Weekly Regulatory Advocacy Report

by Tim Pierce and David Hawkins | Dec 10, 2018
NCUA Board to Hear Regulatory Reform Final Report
The NCUA Board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. (ET), the meeting is the Board’s final of 2018 and will be streamed live at NCUA.gov. NCUA released a list of potential reforms in August 2017.
 
The Board will also hear a briefing on blockchain and distributed ledger technology and vote on a final rule on technical amendments to NCUA regulations, according to the agenda.
 
Kraninger Confirmed to Lead Bureau of Consumer Financial Protection
The U.S. Senate has confirmed Kathy Kraninger as the next head of the Bureau of Consumer Financial Protection. Kraninger previously served as associate director for general government programs at the Office of Management and Budget, overseeing a $250-billion budget across seven Cabinet departments, including the Department of Homeland Security and the Department of Justice. She will take permanent charge over the BCFP and replace Mick Mulvaney, who became interim director of the Bureau after Richard Cordray, its first director, stepped down in November 2017. Mulvaney remains director of the Office of Management and Budget.
 
Pending Regulatory Comment Call
Upcoming Effective Dates
Regulatory Update is a compliance resource delivered by email only. All Regulatory Updates are available on the League's website. If you have any questions, please don't hesitate to contact Joe GuilfoyCraig DauksasTim Pierce or Dave Hawkins. If there is someone else at your credit union who should receive these updates, or if you would like to be removed from our list, please send a reply e-mail.