Professional development

The regulator has conducted remote exam work at more than 100 institutions since March and does not plan to return to its normal examination process "until further notice."

Funds originally slated to assist credit union employees with attending conferences will now be used to help the state league put on virtual events.

In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it.

Mortgage lenders impose steep pricing adjustments for cash-out refinancing; bankers fear massive borrower fraud in the Paycheck Protection Program; some worry the coronavirus is giving banks an excuse to spy on employees; and more from this week's most-read stories.

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.

The credit union regulator released its annual diversity report, which showed that more minorities were in senior roles but examiners remained predominantly white and male.

A familiar face is taking the reins at the Baytown, Texas-based credit union, following the departure of its former chief executive earlier this year.

Jamie York has taken the helm at Neighborhood Mortgage Solutions as CEO Greg Wischmeyer prepares to retire.

The regulator must speed up its capital reform efforts while taking immediate steps to reduce the examination burden.

Some regulators had started shifting to more remote oversight before the pandemic, though the initiatives haven't been a priority for credit unions and their advocates.

The industry still grapples with stopping corrupt employees — the failure of CBS Employee FCU last year highlights that — and now that could become even harder with the pandemic.

The Somerville, Mass.-based credit union appointed its VP of lending to serve as temporary CEO following the departure of its longtime leader for another institution.

The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.

The National Credit Union Administration also ordered its own employees to work from home until at least the end of March.

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners.

Prodigy, a fintech focused on mobile solutions for credit unions, has a new CEO in the wake of a retirement.

Joe Nowland will be succeeded by COO Mary Svoboda, who will lead the Jacksonville, Fla.-based credit union on an interim basis.

Deputy Director Brian Johnson spent more than two years serving under two separate CFPB directors. He will become a partner at Alston & Bird LLP next month.

Karyn Davis has taken over as chief executive following Linda Stanton's retirement.

Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.