A state bank regulator has been appointed to oversee fintech developments for the National Credit Union Administration.
The NCUA said in a press release that Charles Vice had become its director of financial technology and access. He will serve as the principal adviser to the agency’s board in areas such as fintech, cryptocurrency, blockchain and distributed ledger technology.
“Charles is not only a forward thinker, but he’s also a dedicated public servant bringing a wealth of experience in finance and supervision to this new role,” Todd Harper, the NCUA’s chairman, said in the release. “I am looking forward to working with him on developing and implementing fintech policies and procedures, most especially those that expand economic equity and help to close the wealth gap.”
Vice previously served as commissioner of Kentucky’s Department of Financial Institutions, where he was responsible for the oversight of all state-chartered financial institutions. Before that, he spent 18 years at the Federal Deposit Insurance Corpo., serving as an expert on subprime lending and capital markets.
Justin Burse, who has been Kentucky’s deputy commissioner, was tapped to serve as acting commissioner.