Two state regulators will continue their roles on the group that advises federal financial institution regulators on various state issues.
Tom Fite, director of the Indiana Department of Financial Institutions, will continue on the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council (FFIEC) for a full year term that started May 1. He has been a member of the SLC since 2017, when he first joined to complete a partial-term vacancy.
In addition to his SLC service, Fite has served as the state regulatory agencies’ representative on the FFIEC Task Force on Supervision and on the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) Bank Secrecy Act Advisory Group.
Meanwhile, the SLC also re-elected Greg Gonzales, commissioner of the Tennessee Department of Financial Institutions, as its chairman for a one-year term that starts May 1 and runs through April 30. Gonzales has served on the SLC since 2016, when he was appointed to complete a partial-term vacancy; on April 1, he was reappointed to serve his second two-year term, which runs through March 31, 2021.
Fite Re-Appointed to FFIEC State Liaison Committee