Joint Release - May 02, 2011.
The Federal Financial Institutions Examination Council announced today the reappointment of Charles A. Vice, Commissioner, Kentucky Department of Financial Institutions, to the Council’s State Liaison Committee (SLC). Commissioner Vice’s SLC nomination was first confirmed by the Council in April of 2009 for a two-year term extending from May 1, 2009 through April 30, 2011. His second term will continue through April 30, 2013.
Mr. Vice was appointed Kentucky Commissioner of the Department of Financial Institutions in August of 2008. As Commissioner, he has responsibility for the regulatory oversight of all state-chartered financial institutions. Previously, Mr. Vice was an employee of the Federal Deposit Insurance Corporation and spent 18 years in the Lexington field office.
The SLC was established by the Council, pursuant to Section 1007 of the Financial Institutions Regulatory and Interest Rate Control Act of 1978, to encourage the application of uniform examination principles and standards by state and federal agencies and to allow state regulators to participate in the development of those principles and standards. The SLC consists of five state regulatory agency representatives that supervise financial institutions including: Chair John Munn, Director, Nebraska Department of Banking and Finance; David Cotney, Commissioner, Massachusetts Division of Banks; Harold Feeney, Commissioner, Texas Credit Union Department; and Douglas Foster, Commissioner, Texas Department of Savings and Mortgage Lending.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.