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News Now

Washington
CU rep among three FFIEC re-appointments
WASHINGTON (4/19/11)--Texas Credit Union Commissioner Harold Feeney was one of three members of the Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) to be reappointed on Monday. Feeney’s reappointment was confirmed by the National Association of State Credit Union Supervisors. Doug Foster, commissioner of the Texas Department of Savings and Mortgage Lending, and John Munn, director of the Nebraska Department of Banking and Finance, were also reconfirmed. The SLC encourages “the application of uniform examination principles and standards by state and federal agencies” and allows state regulators to “participate in the development of those principles and standards.” The SLC is a five-member panel of state financial regulatory agencies. Massachusetts Division of Banks Commissioner David Cotney and Kentucky Department of Financial Institutions Commissioner Charles Vice also serve on the SLC. SLC members serve two year terms. Feeney and the other two recently reappointed members are set to serve until March 31, 2013. National Credit Union Administration (NCUA) Chairman Debbie Matz earlier this month agreed to assume leadership of the FFIEC for a two year term. Matz is the first NCUA leader to take charge of the FFIEC in more than 20 years.


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