Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
1 Day ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
1 Day ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
1 Day ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago