News and Announcements for Chairman JoAnn Johnson http://www.ncua.gov/JohnsonNews.htm http://blogs.law.harvard.edu/tech/rss en-us Mon, 30 Jun 2008 11:00:00 -0500 Mon, 30 Jun 2008 11:00:00 -0500 webmaster@ncua.gov FeedForAll v1.0 (1.0.2.0) Alexandria, Va., June 30, 2008 – As I conclude my service on the Board of the National Credit Union Administration, I would like to take this opportunity to reflect not only on the issues and challenges that have been presented during my tenure, but also on the road ahead for the credit union industry and the role that NCUA will continue to play. http://www.ncua.gov/news/press_releases/2008/MA08-0630.htm Mon, 30 Jun 2008 11:00:00 -0500 June 24, 2008 – House passage of the Credit Union, Bank and Thrift Regulatory Relief Act represents a positive step forward in the overall cause of updating the laws under which credit unions operate. http://www.ncua.gov/news/press_releases/2008/MA08-0625-1.htm Wed, 25 Jun 2008 12:25:00 -0500 June 5, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified today on the state of the credit unions industry before the Senate Banking Committee. http://www.ncua.gov/news/press_releases/2008/MA08-0506.htm Thu, 05 Jun 2008 12:00:00 -0500 May 22, 2008, Alexandria, Va - In recognition of National Hurricane Preparedness Week, May 25, 2008 to May 31, 2008, National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced that a National Hurricane Center link, http://www.nhc.noaa.gov/HAW2/english/intro.shtml, providing consumers with information pertaining to safe money management in the event of a natural disaster and emergency, is now featured on the “What’s New” section of the main page of the MyMoney.gov website. http://www.ncua.gov/news/press_releases/2008/MA08-0522.htm Thu, 22 May 2008 03:45:00 -0500 April 24, 2008, Alexandria, Va – In recognition of the upcoming National Volunteer Week (April 27 - May 3, 2008), National Credit Union Administration (NCUA) Chairman JoAnn Johnson, presented Gordon A. Simmons, President/CEO of Service Credit Union in Portsmouth, New Hampshire, with the President’s Volunteer Service Award. http://www.ncua.gov/news/press_releases/2008/MA08-0424.htm Thu, 24 Apr 2008 12:40:00 -0500 April 18, 2008, Alexandria, Va. – The week of April 21-25, 2008, has been designated by the United States Small Business Administration (SBA) as National Small Business Week. http://www.ncua.gov/news/press_releases/2008/MA08-0418.htm Fri, 18 Apr 2008 10:30:00 -0500 Johnson On Financial Literacy: Progress Made, More To Be Done http://www.ncua.gov/news/press_releases/2008/MA08-0415.html Thu, 15 Apr 2008 10:00:00 -0500 Testimony - Chairman JoAnn Johnson Testifies before the House Financial Services Committee on “Financial Literacy” Issues http://www.ncua.gov/news/press_releases/2008/PDF/NCUA_Testimony_Financial_Education_April_15_08.pdf Thu, 15 Apr 2008 10:00:00 -0500 April 9, 2008, Alexandria, Va. – National Credit Union Administration Chairman JoAnn Johnson will join other financial regulators and private sector representatives testifying Tuesday, April 15, 2008, before the House Financial Services Committee on public and private financial literacy initiatives. http://www.ncua.gov/news/press_releases/2008/MR08-0409.htm Wed, 9 Apr 2008 09:15:00 -0500 April 4, 2008, Alexandria, Va - The month of April, 2008, has been recognized as “Financial Literacy Month” by the United States Congress. http://www.ncua.gov/news/press_releases/2008/MA08-0404.htm Fri, 4 Apr 2008 12:15:00 -0500 April 2, 2008, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that information explaining the economic stimulus payments created by the Economic Stimulus Act of 2008 is now featured on the “What’s New” section of the main page of the MyMoney.gov website. http://www.ncua.gov/news/press_releases/2008/MA08-0402.htm Wed, 2 Apr 2008 10:20:00 -0500 March 13, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman JoAnn Johnson today attended the briefing by U.S. Treasury Secretary Henry M. Paulson, Jr., as he unveiled the President’s Working Group (PWG) on Financial Markets’ recommendations to address present stress in the financial markets. http://www.ncua.gov/news/press_releases/2008/MA08-0314.htm Fri, 14 Mar 2008 07:07:00 -0500 March 6, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson testified before the U.S. House Financial Services Committee hearing on "The Need for Credit Union Regulatory Relief." http://www.ncua.gov/news/press_releases/2008/MA08-0306.htm Thu, 06 Mar 2008 011:00:00 -0500 Alexandria, Va. March 5, 2008 – National Credit Union Administration Chairman JoAnn Johnson today stressed the importance of member rights and transparency in her remarks to CUNA's Governmental Affairs Conference. http://www.ncua.gov/news/press_releases/2008/MA08-0305.htm Wed, 05 Mar 2008 010:31:00 -0500 March 4, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined federal and state financial regulators testifying before the United States Senate Banking, Housing, and Urban Affairs Committee on “The State of the Banking Industry”.  http://www.ncua.gov/news/press_releases/2008/MA08-0304.htm Tue, 04 Mar 2008 011:50:00 -0500 March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of March 2, 2008 through March 8, 2008 as National Consumer Protection Week to highlighted important factors consumers should consider when considering a mortgage. http://www.ncua.gov/news/press_releases/2008/MA08-0303.htm Mon, 03 Mar 2008 010:00:00 -0500 March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson will testify twice before Congress this week. http://www.ncua.gov/news/press_releases/2008/MA08-0303-2.htm Mon, 03 Mar 2008 010:00:00 -0500 Alexandria, Va., November 30, 2007 -- NCUA Chairman JoAnn Johnson issued the following statement regarding President Bush's announcement today that he intends to nominate Michael E. Fryzel of Illinois to be a Member of the National Credit Union Administration Board, with a subsequent designation to be Chairperson. http://www.ncua.gov/news/press_releases/2007/MA07-1203.htm Mon, 3 Dec 2007 10:20:24 -0500 October 24, 2007, Alexandria, Va., -- National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform. The Legislative Proposals on Reforming Mortgage Practices hearing included three panels -- federal regulators and state banking supervisors, consumer groups, and industry trade associations. http://www.ncua.gov/news/press_releases/2007/MA07-1024.htm Wed, 24 Oct 2007 10:14:22 -0500 August 7, 2007, Alexandria, Va. – The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities. Access "The Resource Connection" by clicking on the new computer icon located on NCUA's homepage http://www.ncua.gov. http://www.ncua.gov/news/press_releases/2007/MR07-0807.htm Tue, 7 Aug 2007 13:28:19 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today the availability of a financial education library on the NCUA website. http://www.ncua.gov/news/press_releases/2007/MA07-0703-2.htm Mon, 9 Jul 2007 09:32:58 -0500 June 21, 2007, Alexandria, VA – Today our Board made explicit NCUA’s support for reforms of the system of prompt corrective action (PCA) and the creation of a risk based capital regime for credit unions. Recognizing that a statutory change is needed before such reforms could be instituted; the NCUA Board took this step as a way to set forth the sound policy rationale for improvements that would enhance the regulatory oversight capability of NCUA while enabling credit unions to better serve their members. http://www.ncua.gov/news/press_releases/2007/MA07-0621-2.htm Thu, 21 Jun 2007 12:19:59 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit. Chairman Johnson was invited to share insights regarding the Federal Reserve Board's proposed revisions to Regulation Z, relating to credit card disclosures and other practices; and measures credit card issuers have made or will make to improve consumer protection. http://www.ncua.gov/news/press_releases/2007/MA07-0607-2.htm Thu, 7 Jun 2007 16:16:35 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson spoke during the general session of CUNA America's Credit Union Conference and Expo in Las Vegas, NV. http://www.ncua.gov/news/press_releases/2007/MA07-0606.htm Wed, 6 Jun 2007 07:16:56 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson participated in the grand opening of the main branch of the Pacoima Development Federal Credit Union, (PDFCU) located in the Northeast San Fernando Valley of California, and consisting of a significant percentage of underserved communities. http://www.ncua.gov/news/press_releases/2007/MA07-0518.htm Fri, 18 May 2007 06:51:46 -0500 April 23, 2007, Alexandria, VA – In recognition of President Bush’s and the United States Congress’ designation of April as “Financial Literacy Month”, National Credit Union Administration (NCUA) Chairman JoAnn Johnson visited Woodbridge Senior High School, in Woodbridge, VA, to emphasize the importance of financial education; demonstrate the www.mymoney.gov website; and present the President’s Volunteer Service Award to dedicated student volunteers. http://www.ncua.gov/news/press_releases/2007/MA07-0424.htm Tue, 24 Apr 2007 12:12:34 -0500 National Credit Union Administration Chairman JoAnn Johnson will make the following statement concerning the attempted Wings-Continental merger today when addressing the Massachusetts Credit Union Governmental Affairs Day Conference in Boston. http://www.ncua.gov/news/press_releases/2007/MR07-0405.htm Thu, 5 Apr 2007 09:37:34 -0500 March 1, 2007, Alexandria, V.a., - National Credit Union Administration (NCUA) JoAnn Johnson has issued a Letter to Credit Unions regarding the upcoming change in schedule for Daylight Savings Time (DST), which in the United States will begin three weeks earlier and end one week later than in previous years. Credit unions may be exposed to a variety of risks if they do not prepare their systems to reflect this change. http://www.ncua.gov/news/press_releases/2007/MA07-0301-2.htm Thu, 1 Mar 2007 14:33:23 -0500 March 1, 2007, Alexandria, Va.- National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Appropriations Subcommittee on Financial Services and General Government. Chairman Johnson was invited to share insights regarding providing financial services to disadvantaged and underserved communities. http://www.ncua.gov/news/press_releases/2007/MR07-0301.htm Thu, 1 Mar 2007 13:44:17 -0500 NCUA Chairman JoAnn Johnson told over 3,000 assembled today at CUNA's Governmental Affairs Conference (GAC) in Washington, D.C., using the words of inventor Charles Kettering, "If you have always done it that way, it is probably wrong."Not advocating a disregard for established practices, precedents and traditions, NCUA is rather evaluating current procedures and considering potential changes in three areas -- Bylaw enforcement, the CAMEL matrix, and Prompt Corrective Action. http://www.ncua.gov/news/press_releases/2007/MA07-0226.htm Mon, 26 Feb 2007 14:26:14 -0500 Alexandria, Va., February 9, 2007 -- Federal Reserve Board Governor Susan Schmidt Bies brought an extraordinary wealth of experience and operational knowledge to her duties at the Federal Reserve. She translated her private sector experience into tenure on the Federal Reserve Board that had great public benefit and for that we should all be grateful. While I am confident that the Fed will find someone of high caliber to fill this seat, Dr. Bies will be difficult to replace. http://www.ncua.gov/news/press_releases/2007/MA07-0209-2.htm Fri, 9 Feb 2007 15:53:19 -0500 February 9, 2007, Alexandria, Va. –Representatives from the National Credit Union Administration’s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding consumer protection to interested Members of Congress and their staff at an event on Capitol Hill yesterday. NCUA was joined by several other federal agencies and consumer groups at the event, which was part of National Consumer Protection Week. http://www.ncua.gov/news/press_releases/2007/MA07-0209.htm Fri, 9 Feb 2007 14:19:41 -0500 President George W. Bush has proclaimed February 4 through February 10, 2007, as National Consumer Protection Week. http://www.ncua.gov/news/press_releases/2007/MA07-0207.htm Wed, 7 Feb 2007 11:23:53 -0500 December 20, 2006, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson spent the last three days in Louisiana, traveling through areas recovering from Hurricane Katrina, and meeting with credit unions affected by the storm. Chairman Johnson also attended a financial literacy graduation ceremony. http://www.ncua.gov/news/press_releases/2006/MA06-1221-3.htm Thu, 21 Dec 2006 14:32:21 -0500 December 20, 2006, Alexandria, VA – National Credit Union Administration (NCUA) Chairman JoAnn Johnson presented the President’s Call to Service Award to Mr. Kenneth Uffman and Mr. James Moore, during a ceremony at the Credit Union Service Center, located in Baton Rouge, Louisiana. The President’s Call to Service Award recognizes 4,000 hours or more of volunteer service over a lifetime. http://www.ncua.gov/news/press_releases/2006/MA06-1221-2.htm Thu, 21 Dec 2006 14:31:11 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined U.S. Treasurer Anna Escobedo Cabral; Deputy Assistant Secretary Dan Iannicola Jr.; and other government, including staff members from the Office of Congressman Ruben Hinojosa (D-TX), private sector, and non-profit officials on Monday at the Southwest Regional Conference on Reaching Unbanked People. http://www.ncua.gov/news/press_releases/2006/MA06-1206.htm Wed, 6 Dec 2006 10:16:07 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson and Board Member Gigi Hyland recently attended the official ribbon cutting ceremony of the Viking Vault, a student-run branch of Fort Belvoir Federal Credit Union, located inside Woodbridge Senior High School in Woodbridge, Virginia. Chairman Johnson and Board Member Hyland were joined at the ceremony by students, local school officials, and Patricia Kimmel; President and CEO, Fort Belvoir FCU. http://www.ncua.gov/news/press_releases/2006/MA06-1204.htm Mon, 4 Dec 2006 10:44:02 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson has been appointed Chairman of the www.MyMoney.gov website subcommittee by the U.S. Financial Literacy and Education Commission.(FLEC) http://www.ncua.gov/news/press_releases/2006/MA06-1101.htm Thu, 2 Nov 2006 07:20:23 -0500 Alexandria, VA, October 5, 2006 - National Credit Union Administration (NCUA) Chairman JoAnn Johnson hosted the second Access Across America Economic Empowerment Summit of 2006 in Norfolk, VA. on Tuesday. The summit highlighted resources available to credit unions in order to expand financial services to their members by partnering with federal agencies and non-profit organizations. Serving the unique needs of the military was emphasized throughout the summit. http://www.ncua.gov/news/press_releases/2006/MA06-1005.htm Thu, 5 Oct 2006 15:06:55 -0500 The House and Senate have both passed S. 2856, Financial Services Regulatory Relief Act of 2006. National Credit Union Administration (NCUA) Chairman JoAnn Johnson has issued the following statement: http://www.ncua.gov/news/press_releases/2006/MA06-1002.htm Mon, 2 Oct 2006 07:29:33 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson met recently with senior Administration officials to share recommendations with the President's Identity Theft Task Force. Based upon these recommendations, the Task Force will deliver a final strategic plan to President Bush in early November. http://www.ncua.gov/news/press_releases/2006/MA06-0928.htm Thu, 28 Sep 2006 09:38:45 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson commended volunteers involved with today's “Money Matters” National Education Day, the latest in a series of events and activities furthering fiscal responsibility by helping teenagers understand their paycheck and the tax withholding system. http://www.ncua.gov/news/press_releases/2006/MR06-0908-4.htm Fri, 8 Sep 2006 11:17:21 -0500 National Credit Union Administration Chairman JoAnn Johnson met today with Treasury Secretary Henry Paulson at the U.S. Treasury, providing the new Secretary with a overview of the credit union industry and discussing the vital role credit unions play in the nation's economy. http://www.ncua.gov/news/press_releases/2006/MA06-0816-2.htm Wed, 16 Aug 2006 14:24:54 -0500 National Credit Union Administration Chairman JoAnn Johnson today urged greater activism and involvement as a key to economic empowerment for credit union members as she addressed the African-American Credit Union Coalition 8th Annual Summer Conference in Seattle. http://www.ncua.gov/news/press_releases/2006/MA06-0811.htm Fri, 11 Aug 2006 15:11:51 -0500 Now that the legal process has concluded, NCUA is pleased that credit unions can now proceed knowing that there is clarity, and consumers in underserved areas will have another choice in financial services. http://www.ncua.gov/news/press_releases/2006/MA06-0721.htm Fri, 11 Aug 2006 11:38:06 -0500 National Credit Union Administration Chairman JoAnn Johnson briefed Hawaii Senator Daniel K. Akaka yesterday on recent NCUA regulatory developments and notified him of several Community Development Revolving Loan Fund (CDRLF) grants in Hawaii. http://www.ncua.gov/news/press_releases/2006/NR06-0712.htm Fri, 11 Aug 2006 11:37:35 -0500 The final rule on underserved areas represents the Agency's recognition of the fundamental responsibility of credit unions to reach out to consumers in underserved communities, while at the same time acknowledging the statutory constraints that allow only multiple group credit unions to do so. http://www.ncua.gov/news/press_releases/2006/MR06-0622-3.htm Fri, 11 Aug 2006 11:36:18 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson met with U.S.Treasurer, Anna Escobedo Cabral and Emil W. Henry, Jr., Assistant Secretary for Financial Institutions in the Grant Room at the U.S. Department of Treasury. The Grant Room was named after President Ulysses S. Grant, who hosted his Presidential Inaugural Ball inside the historic Treasury Building. http://www.ncua.gov/news/press_releases/2006/NR06-0613.htm Fri, 11 Aug 2006 11:35:37 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson issued a Letter to Credit Unions which raises awareness of the benefits of direct deposit and encourages credit unions to actively promote these services to their members, especially in areas which are traditionally affected by hurricanes. http://www.ncua.gov/news/press_releases/2006/NR06-0608.htm Fri, 11 Aug 2006 11:34:43 -0500 I’m pleased that Henry Paulson has been confirmed as U.S. Treasury Secretary, a position that plays such a vital role in the nation's economy. NCUA had an excellent relationship with Secretary Paulson's predecessor, and based on the new Secretary's background and experience I look forward to fostering a positive relationship on shared endeavors. http://www.ncua.gov/news/press_releases/2006/MA06-0629.htm Fri, 11 Aug 2006 11:33:43 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson released the following statement regarding the resignation of John W. Snow, Secretary of the U.S. Department of Treasury. http://www.ncua.gov/news/press_releases/2006/ST06-0530.htm Fri, 11 Aug 2006 11:32:41 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson released the following statement regarding Senate Passage of the Financial Services Regulatory Relief Act of 2006. http://www.ncua.gov/news/press_releases/2006/ST06-0526.htm Fri, 11 Aug 2006 11:32:05 -0500 Chairman JoAnn Johnson served as a featured speaker at the Financial Literacy and Education Commission (FLEC) meeting held at the Department of Treasury. Chairman Johnson discussed the importance of providing financial literacy to Americans of all ages and highlighted the many ways credit unions are contributing to this effort throughout the Nation. http://www.ncua.gov/news/press_releases/2006/NR06-0517.htm Fri, 11 Aug 2006 11:31:14 -0500 National Credit Union Administration Chairman JoAnn Johnson today testified before the House Subcommittee on Financial Institutions and Consumer Credit on the Credit Union Charter Choice Act and credit union conversions. http://www.ncua.gov/news/press_releases/2006/NR06-0511.htm Fri, 11 Aug 2006 11:30:40 -0500 National Credit Union Administration Chairman JoAnn Johnson will testify on “H.R. 3206, Credit Union Charter Choice Act” and the issue of credit union charter conversions in general before the House of Representatives Subcommittee on Financial Institutions and Consumer Credit. The hearing is set for Thursday, May 11 at 10 a.m. in Room 2128 of the Rayburn House Office Building. http://www.ncua.gov/news/press_releases/2006/MA06-0505.htm Fri, 11 Aug 2006 11:29:53 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined government, private sector, and non-profit leaders in Anacostia, a SE Washington, D.C. neighborhood for a one-day economic Summit which was organized to celebrate the 1st anniversary of the Hope Center, which is dedicated to improving the economic quality of life in emerging markets. Chairman Johnson and U.S. Department of Treasury Deputy Assistant Secretary for Financial Education, Dan Iannicola, co-chaired the Financial Literacy session which provided a forum for participants to discuss critical aspects of Financial Literacy issues. http://www.ncua.gov/news/press_releases/2006/NR06-0503.htm Fri, 11 Aug 2006 11:29:18 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson released the following statement regarding the resignation of Hector V. Barreto, Administrator of the U.S. Small Business Administration (SBA). http://www.ncua.gov/news/press_releases/2006/NR06-0425-2.htm Fri, 11 Aug 2006 11:28:35 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson will deliver remarks in Chicago, Illinois on May 1 at the Midwest Regional Conference on Reaching Unbanked People, an event organized in conjunction with the recent launch of The National Strategy for Financial Literacy adapted by the Financial Literacy and Education Commission. http://www.ncua.gov/news/press_releases/2006/NR06-0421.htm Fri, 11 Aug 2006 11:27:46 -0500 Chairman JoAnn Johnson is spending April, Financial Literacy month, highlighting the importance of financial education in an effort to raise peoples' awareness of their finances. http://www.ncua.gov/news/press_releases/2006/NR06-0411.htm Fri, 11 Aug 2006 11:27:00 -0500 National Credit Union Administration Chairman JoAnn Johnson today presented recommendations on regulatory relief for credit unions to the Senate Banking, Housing and Urban Affairs Committee. http://www.ncua.gov/news/press_releases/2006/NR06-0301.htm Fri, 11 Aug 2006 11:26:08 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today that the NCUA has initiated the process of collecting data in response to specific congressional requests and the Government Accountability Office to measure service to credit union members and senior management compensation and benefits. http://www.ncua.gov/news/press_releases/2006/NR06-0210.htm Fri, 11 Aug 2006 11:25:21 -0500 In an address before the Iowa Credit Union League's Annual Conference, National Credit Union Administration (NCUA) Chairman JoAnn Johnson outlined the NCUA's regulatory focus for 2006 and highlighted opportunities and challenges for the nation's credit unions. http://www.ncua.gov/news/press_releases/2006/NR06-0207.htm Fri, 11 Aug 2006 11:24:22 -0500 In the Credit Union Membership Access Act, passed in 1998, Congress expressly recognized that multiple common bond credit unions would be authorized to serve persons or organizations within an area that was underserved. http://www.ncua.gov/news/press_releases/2006/ST06-0119.htm Fri, 11 Aug 2006 11:23:23 -0500