Charles Vice Named Director, Financial Technology and Access

Charles Vice Named Director, Financial Technology and Access

ALEXANDRIA, Va. (Jan. 3, 2023) – The Countrywide Credit Union Administration named Charles Vice to be Director of Economic Engineering and Entry.

In this role, Mr. Vice will serve as the principal advisor to the NCUA Board on agency policy with regard to fintech, and fintech developments and transformation initiatives in the economic services sector, like cryptocurrency, blockchain, and dispersed ledger know-how. Initiatives include things like checking out procedures to increase the digital evaluation and supervision process and selling the improvement and deployment of systems and innovations that can increase economic inclusion and equitable and economical customer obtain in just the credit history union method.

“Charles is not only a ahead thinker, but he’s also a devoted public servant bringing a prosperity of working experience in finance and supervision to this new position,” Chairman Todd M. Harper mentioned. “I am hunting forward to doing work with him on creating and implementing fintech policies and methods, most primarily those that expand economic fairness and aid to near the wealth hole.”

“I am honored and blessed to be a part of the NCUA team as the Director of Financial Technological innovation and Accessibility,” Mr. Vice mentioned. “Technological innovations have permeated virtually every single aspect of our life, and this has resulted in the fiscal products and services business altering quickly above the previous handful of many years. The credit union market plays an crucial role in the financial results of the United States and is adopting impressive options to supply expert services and link to members. I glance forward to doing the job with the credit history union market to adopt modern alternatives and with all stakeholders to boost honest and equitable entry to economic products and services for current, new, and opportunity credit history union associates.”

Said Vice Chairman Kyle S. Hauptman, “Charles is becoming a member of NCUA with yrs of economic expert services encounter and initially-hand expertise of the credit union world. Most importantly, Charles is familiar with his career is to assure the NCUA is not a technophobic company. The NCUA Board would not be undertaking its task if we did not embrace fintech, the two at the Agency and at America’s additional than 4800 credit score unions.”

“Charles Vice’s knowledge and abilities is of remarkable value to the NCUA and for credit unions,” Board Member Rodney E. Hood mentioned. “He has been at the forefront of fiscal supervision as the Commissioner at the Section of Economic Institutions in the Commonwealth of Kentucky. But far more than that, Charles has been at the forefront of improvements in regtech and fintech. Charles has my total assurance in guiding the NCUA Board to develop a framework that permits credit unions to retain speed and reply to fast evolving client habits although also making certain the safety and soundness of the credit union method.”

Prior to his range as Director of Fiscal Technology and Entry, Charles served as commissioner of the Kentucky General public Security Cabinet’s Department of Financial Institutions (DFI) and as treasurer of the Countrywide Affiliation of State Credit score Union Supervisors. As commissioner of the DFI, Charles was responsible for the regulatory oversight of all Kentucky point out-chartered fiscal institutions. Prior to joining DFI, Charles was an employee of the Federal Deposit Insurance policy Corporation for 18 decades, serving as an qualified on subprime lending and capital marketplaces.

Mr. Vice holds a bachelor’s degree in finance from the College of Southern Mississippi.