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Matz Initiates FFIEC Review Process

NCUA Chairman Debbie Matz got the regulatory review ball rolling this week when she invited FFIEC principals to the NCUA Board Room.

By Heather Anderson | Updated on September 27, 2012
NCUA Chairman Debbie Matz, facing center, leads the FFIEC in getting a jumpstart on its 10-year regulatory review process. Also pictured seated at the table were council principals (from left) CFPB Director Richard Cordray, Federal Reserve Board Governor Daniel Tarullo, Comptroller of the Currency Thomas Curry, Matz, FDIC Acting Chairman Martin Gruenberg and State Liaison Committee Director John Munn.

Rather than wait until 2016 as required by federal law, NCUA Chairman Debbie Matz got the regulatory review ball rolling this week when she invited Federal Financial Institutions Examinations Council principals to the NCUA Board Room to begin the process.

The meeting on Tuesday included representatives from the five regulatory agencies that comprise the FFIEC: CFPB Director Richard Cordray, Federal Reserve Board Governor Daniel Tarullo, Comptroller of the Currency Thomas Curry and FDIC Acting Chairman Martin Gruenberg, as well as State Liaison Committee Director John Munn of Nebraska, who is also a member of the council.  

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