Richard is executive vice president and general counsel for the Credit
Union National Association (CUNA), headquartered in the Washington, D.C.
office. His department is responsible for regulatory advocacy before
various federal agencies including the National Credit Union
Administration, the Treasury Department, the Small Business
Administration, and others, and regulatory compliance services to
leagues and credit unions. He has been deeply involved in defending the
credit union movement against banking industry litigation, and also
supervises CUNA's internal corporate legal affairs.
He joined CUNA in 1997 from the Federal Home Loan Mortgage
Corporation (Freddie Mac), where he was associate general counsel for
regulation and legislation. He was the primary liaison with Freddie
Mac's safety and soundness regulator, which involved all advocacy
activities on proposed rules and powers. On the legislative side,
Richard played a leading role in drafting legislation which created a
new system of regulation for Freddie Mac and the Federal National
Mortgage Association (Fannie Mae). He also developed corporate positions
on legal issues raised by numerous other proposed bills and drafted
legislation sought by the corporation.
During the Carter administration, he worked at the U.S. Department of
Justice. He began as an assistant to the head of the Legislative
Affairs Office, and moved up to become special assistant to the attorney
general. In 1985-86, Richard served as legislative director for Senator
Arlen Specter (R-Pa.).
In private legal practice, Richard specialized in bank and thrift regulation and legislation.
He received his bachelor's degree from Princeton University, and his
J.D. from Harvard Law School. He is a member of the District of Columbia
Bar and the bars of the U.S. District Court, the U.S. Court of Appeals,
and the U.S. Supreme Court. He has been active with the World Council
of Credit Unions and has a special interest in Russian issues.