NCUA Board Member Tanya Otsuka Remarks at the 2024 Governmental Affairs Conference

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Tanya Otsuka’s Speech at the 2024 Governmental Affairs Conference

This episode of 'Samantha Shares' features an audio version of National Credit Union Administration Board Member Tanya Otsuka’s speech delivered at the 2024 Governmental Affairs Conference, sponsored by Credit Union Exam Solutions Incorporated. Otsuka discusses her background, experiences, and the lessons learned from previous financial crises, emphasizing the importance of safety and soundness, consumer protection, and the role of credit unions in the economy. She outlines her commitment to supporting small, low-income, and minority depository institutions, combating geography, racial, and socio-economic disparities in financial services, and improving access to safe and affordable financial products. Otsuka highlights initiatives and examples of credit unions positively impacting their communities and addresses the challenges faced by credit unions, including cybersecurity and economic pressures. She underscores the unique advantages of credit unions and the NCUA's role in ensuring a healthy, competitive, and inclusive financial system for all members.

00:00 Introduction

00:48 Opening Remarks and Background

01:29 Vision and Priorities as a Board Member

02:06 Importance of Safety, Soundness and Consumer Protection

03:41 Addressing Geographic, Racial, and Socio-economic Disparities

04:44 Examples of Credit Unions Making a Difference

05:27 Agency Resources and Initiatives

06:28 Challenges Faced by Credit Unions

07:03 The Credit Union Difference

08:01 Conclusion and Future Engagement

08:05 Closing Remarks