Credit unions shouldn't look for a nomination to replace Board Member Gigi Hyland soon, said CUNA President/CEO Bill Cheney.
Hyland announced her resignation on Sept. 20 after working more than a year since her six-year term expired. Her last day is Oct. 5.
Cheney said it was highly unlikely the Obama Administration would act before the election. He added that the position wouldn't be worth the political heat Obama took when he appointed CFPB Director Richard Cordray while Congress was in recess. The administration's first nominee for that post, Carla Decker, withdrew her bid earlier this year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.