(July 16, 2021) Welcome to accounting and consulting firm SingerLewak as the latest NASCUS associate member. Partner Sheila Balzer in the firm’s Denver operations is the leader for its expertise in state credit union operating and loan systems … Former Fed official Nellie Liang (and Fed Board nominee by former President Donald Trump (R)) was confirmed by the Senate Thursday as Treasury under secretary for domestic finance – responsible for policy on financial institutions, financial markets, and more – with nearly three-fourths of the Senate voting in favor. The under secretary’s office serves as a key contact for NCUA and other independent federal financial regulators … NASCUS was on the scene this week as the State Liaison Council (SLC) of the FFIEC was briefed, and as the FFIEC itself met, in Washington. NASCUS is a member of the SLC, which advises the FFIEC to “encourage the application of “uniform examination principles and standards by state and federal supervisory agencies.”
(May 7, 2021) Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the FFIEC, the group said this week. He will serve a one-year term as SLC chairman from May 1 to April 30, 2022.
Fite was also reappointed to a two-year membership term on the SLC, which he first joined in 2017. Director of the Indiana regulator’s office since January 2016, Fite served before that as deputy director of the department’s depository division and, for 15 years prior to that, served in field examination and regional supervision.
In a statement FFIEC Chairman, and NCUA Board Chairman, Todd Harper congratulated Fite as a fellow Hoosier. “ Tom’s examination and supervision acumen, along with his state regulatory experience and working knowledge of the SLC, make him an ideal choice for Chairman,” Harper said. “I look forward to working with him on the important work of the Council.”
The five-member SLC, in addition to Fite, also includes:
- Steve Pleger, State of Georgia, Department of Banking and Finance senior deputy commissioner, designated by NASCUS; he is a current NASCUS Board member and a former chairman of the Regulator Board;
- Kevin Allard, Ohio Division of Financial Institutions superintendent, designated by the American Council of State Savings Supervisors (ACSSS);
- Melanie Hall, Montana Division of Banking and Financial Institutions commissioner, confirmed by the council; and
- Susannah Marshall, Arkansas State Bank Department commissioner, designated by the Conference of State Bank Supervisors (CSBS.
LINK:
Fite Elected as State Liaison Committee Chairman, Reappointed to FFIEC State Liaison Committee
(April 2, 2021) NASCUS has reappointed Steve Pleger, senior deputy commissioner of the Georgia Department of Banking and Finance, as its representative on the FFIEC’s State Liaison Committee (SLC), one of five members of the committee. Pleger was named to a second two-year term on the committee, which represents state supervisory interests before the exam council.
Also appointed to the committee are:
- 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 CSBS) to a first two-year term.
The terms of all three end on March 31, 2023.
The other members of the SLC are Tom Fite, Director, Indiana Department of Financial Institutions (selected by the FFIEC); and Melanie Hall, Commissioner, Montana Division of Banking and Financial Institutions, (also selected by the exam council).
Meanwhile, NCUA Board Chairman Todd Harper has been named FFIEC chairman for a two-year term running through March 31, 2023. Also named to the council was Acting Comptroller of the Currency Blake Paulson, who will serve as its new vice chairman for the same two-year term.
“Congratulations to former NASCUS Chairman Steve Pleger for taking on another term as the state credit union system’s representative on the SLC; he has well-represented the interests of state credit union supervisors,” said NASCUS President and CEO Lucy Ito. “And congratulations to other continuing and new members of the committee; we look forward to working with them.”
Ito also extended salutations to NCUA’s Harper to lead the exam council. “Chairman Harper is a terrific choice to lead the council, particularly with his strong understanding of the financial services regulatory framework, its interaction with credit unions, and his commitment to communication, cooperation and coordination,” Ito said.
LINKS:
Marshall Appointed to FFIEC State Liaison Committee, Allard and Pleger Re-Appointed