Patrick Joseph Toomey Jr. is an American businessman and politician who served as a United States senator from Pennsylvania from 2011 to 2023. A member of the Republican Party,he served three terms as the U.S. representative for Pennsylvania's 15th congressional district,from 1999 to 2005.
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States,one of two agencies that provide deposit insurance to depositors in U.S. depository institutions,the other being the Federal Deposit Insurance Corporation,which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate,charter,and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government,the NCUA operates and manages the National Credit Union Share Insurance Fund,insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund,the NCUA operates three other funds:the NCUA Operating Fund,the Central Liquidity Facility (CLF),and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fund,with the Share Insurance Fund,finances the agency's operations.
Raymond Jon Tester is an American farmer and politician serving as the senior United States senator from Montana,a seat he has held since 2007. A member of the Democratic Party,Tester is the dean of Montana's congressional delegation and the only Democrat to hold statewide office in Montana. He served in the Montana Senate from 1999 to 2007,and as its president for his last two years in the chamber.
Desert Financial Credit Union is a credit union based in Phoenix,Arizona,that operates 47 branches and service centers throughout Coconino,Gila,Maricopa,Pinal,and Yavapai counties and now statewide in Arizona. Desert Financial remains federally insured by the NCUA and in addition will be regulated by the Arizona Department of Financial Institutions,which regulates state chartered credit unions in Arizona. Desert Financial is the largest credit union in Arizona,managing nearly $8.5 billion in assets as of October 2022.
Kathleen L. Casey is a former Republican commissioner of the U.S. Securities and Exchange Commission. She was appointed by President George W. Bush and sworn in on July 17,2006. Her term expired in August 2011.
Richard Thomas Metsger served in the Oregon State Senate from 1999 to 2011. President Barack Obama nominated Rick Metsger to serve on the Board of the National Credit Union Administration on May 16,2013. The U.S. Senate confirmed Mr. Metsger on August 1,2013,and he took the oath of office on August 23,2013. He served as the ninth NCUA Board Chairman from May 1,2016,through January 22,2017.
The Dodd–Frank Wall Street Reform and Consumer Protection Act,commonly referred to as Dodd–Frank,is a United States federal law that was enacted on July 21,2010. The law overhauled financial regulation in the aftermath of the Great Recession,and it made changes affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Thomas Bryant Cotton is an American politician,attorney,and former military officer serving as the junior United States senator for Arkansas since 2015. A member of the Republican Party,he served in the U.S. House of Representatives from 2013 to 2015.
Jerome Hayden "Jay" Powell is an American attorney and investment banker who has served as the 16th chair of the Federal Reserve since 2018.
Deborah "Debbie" Matz is an American civil servant who served as the 8th Chairman of the National Credit Union Administration.
Michael E. Fryzel is an American attorney with offices in Chicago,Illinois. Following the 2016 general election,Fryzel served on President Donald J. Trump's Transition Team and developed the Agency Action Plan for the National Credit Union Administration.
Christine Elizabeth Smith is an American politician,retired Democratic political consultant,and former businesswoman serving as the junior United States senator from Minnesota since 2018. She is a member of the Minnesota Democratic–Farmer–Labor Party (DFL),an affiliate of the Democratic Party.
Robert J. Jackson Jr. is an American lawyer and academic. He currently serves as a professor of law at New York University School of Law,where he is on public service leave. Jackson's research emphasizes the empirical study of executive compensation and corporate governance matters. On September 1,2017,the White House announced that President Donald Trump had nominated Jackson to fill the open Democratic seat on the U.S. Securities and Exchange Commission (SEC). Jackson was unanimously approved by the Senate Banking Committee for the seat,and thereafter unanimously confirmed by the United States Senate on December 21,2017.
Judy Lynn Shelton is an American economic advisor to former President Donald Trump. She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve. Trump announced on July 2,2019,that he would nominate Shelton to the Fed. Her nomination stalled on November 17,2020,with a 47–50 vote in the Senate,and her nomination was eventually withdrawn by President Joe Biden in February 2021.
Walter Joseph "Jay" Clayton III is an American attorney who served as the chairman of the U.S. Securities and Exchange Commission from May 4,2017 until December 23,2020. He was nominated for the position by President Donald Trump.
John Mark McWatters is a lawyer,accountant and former Board Member of the National Credit Union Administration (NCUA). He was appointed by President Donald Trump on June 23,2017,to serve as the tenth Board Chairman of the NCUA,and resigned from the NCUA Board on November 20,2020.
Hester Maria Peirce is an American lawyer who serves as a Commissioner on the Securities and Exchange Commission (SEC). She previously served as the director of the Financial Markets Working Group at George Mason University's Mercatus Center. Peirce was confirmed by the United States Senate in December 2017 to fill a Republican vacancy on the SEC. She was sworn in on January 11,2018,for a term ending in 2020,and her second term expires in 2025. Peirce is a former staff member of the United States Senate Committee on Banking,Housing,and Urban Affairs and of the SEC. In 2016,she was nominated by President Barack Obama for Commissioner on the SEC,but the United States Senate did not act on her nomination.
The SAFE Banking Act,officially H.R. 1595,full title Secure and Fair Enforcement (SAFE) Act,and also referred to as the SAFE Banking Act of 2019,was proposed legislation regarding disposition of funds gained through the cannabis industry in the United States.
Rodney E. Hood is a member of the National Credit Union Administration board and was the eleventh chairman of the board from 2019 to 2021. Hood was the first African-American to lead a federal banking agency.
Bimal V. Patel is an American attorney who served as the Assistant Secretary of the Treasury for Financial Institutions and Deputy Assistant Secretary of the Treasury for the Financial Stability Oversight Council. He was one of the “architects”of the emergency $660 billion Paycheck Protection Program in 2020.
