BRIEFLY: Regulators collaborate on ‘crypto policy sprint;’ NCUA DEI Summit registration opens; Job openings in OR

(Sept. 17, 2021) Federal banking agencies have been collaborating via a “crypto policy sprint” to agree on definitions, use cases, risks, and gaps, and to discuss policy options related to digital assets, the acting head of the OCC said this week. Acting Comptroller Michael Hsu said that, while controlling the growth of crypto and defi (decentralized finance) is challenging given their nature and in light of market demand, “it is imperative that financial regulators work together to ensure that crypto/defi activities that take place within the banking system or are facilitated by banks are trustworthy,” he said, adding that state bank regulators would be included in the cooperation. “Innovation is important, but safeguarding trust is paramount,” he said … Registration is now open for NCUA’s second-ever Diversity, Equity, and Inclusion (DEI) Summit for credit union leaders, trade and support organizations and professionals in the field, set for Nov. 2-4. The virtual event, themed “From Intention to Action,” is aimed at providing those committed to advancing DEI a forum to share best practices, address challenges to advancing diversity, and learn how the NCUA can support the credit union industry in its efforts. The event features a town hall meeting hosted by NCUA Board Chairman Todd Harper with credit union CEOs as participants (including Timothy Anderson, United States Senate FCU; James Schenck, Pentagon FCU; Maria Martinez, Border FCU; and Tonita Webb, Verity CU) … The Oregon Department of Consumer and Business Services has openings for three Financial Examiner 3 candidates (with an underfill option of a Financial Examiner 2). The positions are responsible for: objectively evaluating the condition of financial institutions for safety and soundness; maintaining public confidence in the integrity of the financial system and in individual financial institutions; enforcing both state and federal banking statutes and regulations. See the link below for more details.


Diversity, Equity and Inclusion Summit 2021

Financial Examiner (Financial Examiner 3)