Debbie Matz was nominated by President Barack Obama to serve as the eighth board chair of the National Credit Union Administration (NCUA). After confirmation by the U.S. Senate on August 7, 2009, she was sworn in on August 24, 2009. Mrs. Matz is no stranger to NCUA and credit unions having served as a board member at NCUA from January 2002 to October 2005.
FFIEC Chairman Matz is currently the Chairman of the Federal Financial Institutions Examination Council (FFIEC). The FFIEC is “a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions…and to make recommendations to promote uniformity in the supervision of financial institutions.” For more information on the FFIEC please go to http://www.ffiec.gov.
FSOC Chairman Matz serves as one of 10 voting members of the Financial Stability Oversight Council (FSOC). Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the FSOC provides, for the first time, comprehensive monitoring to ensure the stability of our nation’s financial system.