Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Senate Banking schedules July 22 hearing for Matz
WASHINGTON (7/16/09)--The Senate Banking Committee has scheduled a July 22 hearing on the nomination of Deborah Matz to a position on the National Credit Union Administration (NCUA) board Matz was named in May as President Barack Obama's choice to become the new NCUA chairman. Matz is a former member of the NCUA board, confirmed by the Senate on March 22, 2002 for a term that ended August 2005, although she remained a few months longer to assure a smooth transition to a new member. Matz was executive vice president and chief operating officer of $800 million-in-assets Andrews FCU, in Suitland, Md., until June 2008. If confirmed, Matz will fill a vacancy created by the expiration of Rodney Hood's term on the NCUA board.  Although that term expired in April, Hood has agreed to remain on the board until a new member's arrival. Current chairman Michael Fryzel will retain a spot on the board, but as a Republican will become the minority member on the three-person executive board. Board member Gigi Hyland is the third component to the board. The Credit Union National Association has noted that Matz has strong credit union credentials and that the trade group anticipates she will continue her role as "a solid and competent regulator


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
9 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
10 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
13 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
13 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
13 hours ago