The chairman of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve,and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board.
The National Credit Union Administration (NCUA) is an American 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 (FDIC),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.
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities,including low- and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods,a practice known as redlining.
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles,standards,and report forms to promote uniformity in the supervision of financial institutions". It also oversees real estate appraisal in the United States. Its regulations are contained in title 12 of the Code of Federal Regulations.
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.
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 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.
The Financial Stability Oversight Council (FSOC) is a United States federal government organization,established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act,which was signed into law by President Barack Obama on July 21,2010. The Office of Financial Research is intended to provide support to the council.
The Office of Financial Research (OFR) is an independent bureau reporting to the United States Department of the Treasury. It was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act,whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. The OFR is tasked with (1) collecting and standardizing data,(2) performing applied research and essential long-term research;and (3) developing risk measurement and monitoring tools. The OFR is also responsible for providing support to the Financial Stability Oversight Council (FSOC).
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 election-winner Donald Trump's transition team and developed the Agency Action Plan for the National Credit Union Administration.
Walter Joseph "Jay" Clayton III is an American attorney who was 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. Clayton was selected on November 14,2024,by President elect Trump to be United States attorney for the Southern District of New York.
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.
Jelena McWilliams is a Serbian-American business executive and a former chairman of the Federal Deposit Insurance Corporation. She was nominated to the position and to the FDIC Board of Directors by President Donald Trump,and the Senate confirmed her appointment on May 24,2018. She was sworn in as chairman on June 5,2018. Previously,McWilliams was executive vice president and chief legal officer of Fifth Third Bank in Cincinnati,Ohio. She resigned from her position as chairman of the Board of the FDIC on February 4,2022.
Brian P. Brooks is an American lawyer,banker,entrepreneur,technologist,and former government official. He served as Acting Comptroller of the Currency from May 29,2020,succeeding the 31st Comptroller of the Currency Joseph Otting,until January 14,2021. Brooks was nominated twice by President Donald Trump for a five-year term as Comptroller of the Currency,once during the 116th Congress,and once in the 117th Congress.
Rodney E. Hood was 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. He joined PayPal as the company's General Counsel following his departure from the Treasury Department.
Mark Toshiro Uyeda is an American attorney and government official. A member of the Republican Party,Uyeda has served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) since June 30,2022. Before becoming an SEC Commissioner,Uyeda served on the staff of the SEC for more than 15 years. He is the first Asian Pacific American to serve as a Commissioner of the SEC.
Todd M. Harper is the twelfth Chairman of the National Credit Union Administration (NCUA). Harper was nominated by President Donald J. Trump in 2019 and was designated chairman by President Joseph R. Biden on January 20,2021.
