NCUA

The Maryland credit union will offer business services to the medical cannabis industry.

J. Mark McWatters of the National Credit Union Administration will have no favorites among community financial institutions.

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

In his current position as chair of the National Credit Union Administration, J. Mark McWatters has publicly advocated for cutting back the CFPB’s oversight of the credit union industry.

All three are forbidden from having anything to do with the affairs of a federally insured financial institution.

Executives from across the credit union movement offered a largely positive take on the possible appointment of NCUA Chairman J. Mark McWatters to lead the Consumer Financial Protection Bureau.

J. Mark McWatters, chairman of the National Credit Union Administration, is said to be in contention to take over as director of the Consumer Financial Protection Bureau.

Credit union examiners will be focused on cybersecurity, BSA compliance, fraud prevention and more.

Thirty-nine credit unions will pay fines for filing 5300s after deadline, a three-fold increase over the previous quarter and the highest number of CUs to consent to penalties in over a year.