Matz Says Her Statement BeingMischaracterized

December 19, 2005, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (12/19/05) Former NCUA Board Member Debbie Matzsaid any suggestion by the bank trade groups that she believespersonnel shortages at NCUA are leading to safety and soundnessconcerns are highly inaccurate. The ACB and ICBA havemischaracterized my statements to suit their own ends, Matzsaid in a statement. Upon the completion of my term, I wasextremely proud to have served on the NCUA Board, and equally proudof the job done by the agency's talented staff. My commentsregarding staffing levels were intended to ensure the agencyprospectively continued its superb record of ensuring credit unionsafety and soundness. Any suggestion to the contrary is simplymischief-making on the part of ICBA and ACB, and patentlyfalse."

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Cyber security

Betterment data breach exposes 1.4 million customers

Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.

By Carter Pape

February 6
Commercial banking

Banks gain amid software stock rout, despite credit questions

Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.

By Catherine Leffert

February 6
Industry News

Prosperity completes second of three Texas M&A deals

Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.

By Allissa Kline

February 6
Federal Reserve

Fed 'skinny accounts' take early heat from crypto, fintechs

Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.

By Maria Volkova

February 6
Artificial intelligence

Fed's Jefferson wary of inflationary pressure from AI

Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.

By John Heltman

February 6
Biometrics

The future of palm payments after Amazon's pullback

While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.

By Cheryl Winokur Munk

February 6