Christopher Waller

Intended nominee, Federal Reserve Board

July 3, 2019 Nominees 0

INFO, BACKGROUND ON CHRISTOPHER WALLER

AGE	60 (as of July 2, 2019)
POSITION	Member, Federal Reserve Board (President Donald Trump's 'intended nominee')
EDUCATION	Ph.D, Washington State University
EXPERIENCE	Government: 2009-present: Federal Reserve Bank of St. Louis (executive vice president, director of research) Other: 2003-09: University of Notre Dame (South Bend, Ind.), Gilbert F. Schaefer Professor of Economics; chair, economics department Previously: Economist, Indiana University

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2021 NCUA supervisory priorities focus on COVID-19, BSA/AML, consumer protection; no CECL reviews for now

January 15, 2021 0

A continued focus on the challenges posed by the ongoing coronavirus (COVID-19) pandemic and steps to enhance the agency’s offsite monitoring of credit unions’ condition are among the highlights in a letter Friday on 2021 supervisory priorities announced by the [...]
Former top lawyer for Wells Fargo agrees to $3.5 million fine, cooperation

January 15, 2021 0

A $3.5 million fine has been assessed against the former Wells Fargo Bank general counsel in a settlement following charges that he and other executives helped to maintain a business model that urge workers at the bank to engage in [...]
Supervisory appeals guidelines slated for FDIC Board action Tuesday

January 15, 2021 0

A set of revisions to the agency’s guidelines for appeals of material supervisory determinations is the sole discussion item slated for action during next week’s open meeting of the Federal Deposit Insurance Corp. (FDIC), according to the agenda released Friday. [...]
FDIC: Bank call reports due Jan. 30; letter highlights provisions issued amid COVID-19 pandemic

January 15, 2021 0

Banks working on their fourth-quarter 2020 call reports, due generally by Jan. 30, are reminded of revisions made to the reports beginning last March in a Financial Institution Letter (FIL) issued Friday by the Federal Deposit Insurance Corp. (FDIC). While [...]
Compliance guide for debt collection communications rule offered to small entities

January 15, 2021 0

A summary of the October 2020 debt collection rule regarding communications between collectors and debtors is provided in a small-entity compliance guide released by the federal consumer financial protection agency Friday. The Consumer Financial Protection Bureau (CFPB) said the guide [...]
Kressman is named NCUA general counsel; Conyers-Ausbrooks is board secretary

January 15, 2021 0

Frank Kressman has been selected as the agency’s general counsel, a move that elevates him from his “acting” role in that post assigned 13 months ago. The National Credit Union Administration (NCUA), in a release Friday, also said that Melane [...]
NCUA places small IN credit union into conservatorship

January 15, 2021 0

The federal credit union regulator on Thursday said it placed the $6.6 million-in-assets, 1,155-member Indianapolis’ Newspaper Federal Credit Union into conservatorship. “The NCUA placed Indianapolis’ Newspaper Federal Credit Union into conservatorship because of unsafe and unsound practices at the credit [...]
Agencies sign ‘memo of understanding’ to improve consumer protection coordination supervision for larger credit unions

January 15, 2021 0

Improving coordination between the federal credit union regulator and federal consumer financial protection agency over the consumer protection supervision of credit unions with more than $10 billion in assets is the stated purpose of a “memorandum of understanding” announced by [...]

Christopher Waller

Intended nominee, Federal Reserve Board

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2021 NCUA supervisory priorities focus on COVID-19, BSA/AML, consumer protection; no CECL reviews for now

Former top lawyer for Wells Fargo agrees to $3.5 million fine, cooperation

Supervisory appeals guidelines slated for FDIC Board action Tuesday

FDIC: Bank call reports due Jan. 30; letter highlights provisions issued amid COVID-19 pandemic

Compliance guide for debt collection communications rule offered to small entities

Kressman is named NCUA general counsel; Conyers-Ausbrooks is board secretary

NCUA places small IN credit union into conservatorship

Agencies sign ‘memo of understanding’ to improve consumer protection coordination supervision for larger credit unions