NCUA Board Almost At FullStrength

November 16, 2005, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (11/16/05) -- Rodney Hood was sworn in to the NCUABoard Tuesday, almost filling out the three-member panel. GigiHyland is expected to be sworn in the next two days to fill out theNCUA Board for the first time in a year-and-a-half. The Board hasbeen operating with a single member, Chairman JoAnn Johnson for thepast two months, and has not had a full panel since the April 2004departure of Dennis Dollar. The three are all expected to bepresent at the Board's next monthly meeting, in twoweeks.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics and policy

How the Trump administration has neutralized the CFPB

Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.

By Kate Berry

50m ago
Monetary policy

More rate cuts eyed as Fed zeroes in on soft labor market

Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.

By Maria Volkova

9h ago
Bank stocks

Bank stocks rise on Fed's first rate cut of 2025

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

By Allissa Kline

September 17
Community banking

New York bank doubles down on insurance with big investment

Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.

By John Reosti

September 17
Stablecoin

Minnesota credit union is launching its own stablecoin

St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.

By Melinda Huspen

September 17
Apple Pay

Affirm, Klarna, deepen ties with Apple

The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.

By Joey Pizzolato

September 17