Credit union regulator board chair to lead federal examination council

Credit union regulator board Chairman Todd Harper has been named chairman of the umbrella group that coordinates actions of federal financial institution regulators, the group said Thursday.

Harper, chairman of the National Credit Union Administration (NCUA) Board, will serve a two-year term running through March 31, 2023, as chairman of the Federal Financial Institutions’ Examination Council (FFIEC), which says it prescribes uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions.

Also named to the FFIEC was Acting Comptroller of the Currency Blake Paulson, who will serve as its new vice chairman for a two-year term also ending March 31, 2023.

In a release, Harper said the exam council’s focus going forward will be on the COVID-19 economic fallout, safety and soundness, consumer financial protection, economic equity and justice, cybersecurity, appraisals, and stakeholder collaboration.

Meanwhile, the FFIEC’s State Liaison Committee – whose membership consists of state regulators, representing state supervisory interests before the exam council – also on Thursday announced new and continuing members. Those are:

  • Georgia Department of Banking and Finance Senior Deputy Commissioner Steve Pleger (reappointed by the National Association of State Credit Union Supervisors [NASCUS] as its representative to a second two-year term);
  • Ohio Division of Financial Institutions Superintendent Kevin Allard (appointed by the American Council of State Savings Supervisors [ACSSS] for a first full two-year term);
  • Arkansas Bank Department Commissioner Susannah Marshall (designated by Council of State Bank Supervisors [CSBS] to a first two-year term).

The terms of all three end on March 31, 2023.

Todd M. Harper Named FFIEC Chairman

Marshall Appointed to FFIEC State Liaison Committee, Allard and Pleger Re-Appointed

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