Edward ‘Joe’ Face named to FFIEC’s State Liaison Committee
May 2, 2016 — Edward “Joe” Face, Commissioner of Financial Institutions for the Virginia State Corporation Commission’s Bureau of Financial Institutions, has been appointed to a two-year term on the Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee.

Regulator notes CECL costs
Feb. 3, 2016 — The imposition of the Financial Accounting Standards Board’s (FASB) proposed “Current Expected Credit Loss” standard (widely known as “CECL”) would impose significant costs, a state regulator told an industry publication this week.

NASCUS Board Member Werner Paul Passes Away
October 30, 2014 – 
It is with great sadness that we inform you of the passing of Werner Paul, deputy commissioner of the Virginia Bureau of Financial Institutions, on Tuesday, Oct. 28. Paul, who had served on the NASCUS Board since 2011, had been an active member of NASCUS for many years, serving on various NASCUS committees and NCUA task forces.

NASCUS Announces Inaugural Cyber Security Symposium
August 7, 2014 – Arlington, Va. – The National Association of State Credit Union Supervisors (NASCUS) announced today plans for an inaugural symposium focusing on cyber security.



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