NCUA’s Harper named FFIEC chairman

Todd M. Harper, NCUA chairman, has been named chairman of the Federal Financial Institutions Examination Council.

Harper’s two-year term runs from April 1, 2021, through March 31, 2023.

“I am honored to serve as the next Chairman of the FFIEC and will work to foster communication, cooperation, and coordination within the Council to advance greater uniformity and best practices in supervision,” Harper said. “I want to thank past Chairmen Kathleen Kraninger and David Uejio for their service to the FFIEC. Going forward, our work will focus on the COVID-19 economic fallout, safety and soundness, consumer financial protection, economic equity and justice, cybersecurity, appraisals, and stakeholder collaboration.”

Harper became the NCUA’s 12th chairman on Jan. 20, 2021. He previously served as an NCUA board member, director of the agency’s then-Office of Public and Congressional Affairs and chief policy advisor to former Chairmen Debbie Matz and Rick Metsger, advising both on FFIEC matters. Prior to his tenure at the NCUA, he worked for the U.S. House of Representatives as staff director for the Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises.

In addition to the NCUA, the FFIEC includes members from the Federal Reserve, FDIC, CFPB, OCC and the State Liaison Committee. The FFIEC was established in 1979 to prescribe uniform principles, standards and report forms and to promote uniformity in the supervision of financial institutions. It also conducts schools for examiners employed by its federal member agencies.

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