Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
FDIC announces July 8 as Bairs departure
WASHINGTON (5/10/11)—Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair will officially step down as head of that agency on July 8. The FDIC said that the announcement is consistent with previous statements in which Bair said that she would leave the regulator at the end of her current term. The agency’s July board meeting will be Bair’s final in charge. She took on the role of the FDIC’s 19th chairman in 2006, and saw the agency and the broader banking sector through the recent financial market troubles. Bair previously served as the U.S. Treasury’s assistant secretary for financial institutions and briefly led the Commodity Futures Trading Commission as acting director. The FDIC leader recently publicly questioned whether a proposed exemption that would shield issuers with $10 billion or less in assets from the terms of an interchange fee rate cap. Bair has also chaired the Federal Financial Institutions Examination Council (FFIEC), which earlier this year named National Credit Union Administration (NCUA) Chairman Debbie Matz as its new leader.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
8 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
13 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
14 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
14 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
14 hours ago