Multiple federal regulatory agencies recently announced news
about leadership developments and other matters related to personnel. Get
acquainted with these matters and more in this regulatory roundup:
NCUA chair announces medical leave of absence
National Credit Union Administration (NCUA) Chair Todd
Harper issued a statement explaining his recent decision to take a leave of
absence as he undergoes and recovers from back surgery.
“Many of you have likely heard me say on several occasions
that if you don’t take care of yourself, you can’t take care of others,” Harper
said. “So, I am heeding my own advice. Starting this week, I will be taking
some time away from my duties to undergo and recover from back surgery. I
expect to return to my full duties in July.”
Harper said he expects the NCUA team “will not miss a beat”
in executing the agency’s mission to protect credit union members and their
deposits, among other duties. Read his full statement here.
GAO director named ‘Sammies’ finalist
Government Accountability Office (GAO) Director of Physical
Infrastructure Elizabeth Repko was recently named a finalist for the 2024
Samuel Heyman Service to America Medals (the “Sammies”) for her extensive work on federal
transportation issues, exposing gaps and making recommendations to improve
safety and reliability. She is up for an award in the management excellence category.
Repko has spent 19 years with the GAO, holding the federal government
accountable to the American people, overseeing a significant increase in
infrastructure funding and more than 30 studies investigating federal
transportation investments. All finalists are eligible for the Service to
America Medals People’s Choice Award for which the public can vote online.
SEC, FinCEN propose customer ID requirements for
investment advisors
The Securities and Exchange Commission (SEC) and Financial
Crimes Enforcement Network (FinCEN) proposed a rule requiring investment
advisers to create customer identification programs to help prevent financial
crimes. If implemented, the rule would mandate procedures for identifying and
verifying customer identities to deter money laundering and terrorism
financing. It targets criminals attempting to use false identities to engage
with investment advisers for illicit activities. Regulators have stated the
initiative would strengthen anti-money laundering measures within the
investment adviser sector to enhance financial security. Learn more here.
FHFA
announces staffing updates
The Federal Housing Finance Agency (FHFA) announced two
personnel updates. The agency named Luis Campudoni chief information officer
and Mary Peterman chief financial officer. Campudoni has over 25 years of
experience in information technology and spent the last two years as the deputy
chief information officer at the Small Business Administration, leading
executing and overseeing the information technology products, services and
operations. Peterman is a certified public accountant and a certified
government financial manager with more than 30 years of financial management
experience, having most recently served as controller/deputy director of the
Federal Deposit Insurance Corp.’s Division of Finance. Learn more about new
appointees here.