Banking Information Security Podcast
Consumer Protection and Other Regulatory Priorities - Michael E. Fryzel, Chairman of the NCUA
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Sinopsis
Michael E. Fryzel, Chairman of the National Credit Union Administration (NCUA), has proposed a new Consumer Protection Office within the credit union regulatory agency. In an exclusive interview, Fryzel discusses: Details of his proposed Consumer Protection Office; Timeline for discussion and possible adoption of this proposal; Top regulatory and information security issues facing credit unions for the remainder of 2009. Fryzel was sworn into office as Chairman of the NCUA on July 29, 2008. President George W. Bush nominated Mr. Fryzel to the NCUA Board on November 30, 2007, and his nomination was confirmed by the U.S. Senate June 26, 2008. The NCUA Board consists of three members appointed by the President and confirmed by the Senate to regulate all federally-chartered credit unions and administer the federal fund insuring member accounts in approximately 8,000 credit unions nationwide. Prior to his NCUA service, Fryzel was an attorney in private practice specializing in financial, regulatory and real es