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.
Matz leads the council as its chairman. Representatives from NASCUS, including President/CEO Mary Martha Fortney, also attended the meeting.
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