Charles Vice Named Director, Financial Technology and Access
The National Credit Union Administration named Charles Vice to be Director of Financial Technology and Access.
In this role, Mr. Vice will serve as the principal advisor to the NCUA Board on agency policy with respect to fintech, and fintech developments and transformation initiatives in the financial services sector, including cryptocurrency, blockchain, and distributed ledger technology. Initiatives include exploring methods to enhance the virtual examination and supervision process and promoting the development and deployment of technologies and innovations that can expand financial inclusion and equitable and affordable consumer access within the credit union system.
“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,” Chairman Todd M. Harper said. “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.”
“I am honored and blessed to join the NCUA team as the Director of Financial Technology and Access,” Mr. Vice said. “Technological innovations have permeated almost every aspect of our lives, and this has resulted in the financial services industry changing rapidly over the past few years. The credit union industry plays an important role in the economic success of the United States and is adopting innovative solutions to offer services and connect to members. I look forward to working with the credit union industry to adopt innovative solutions and with all stakeholders to promote fair and equitable access to financial services for existing, new, and potential credit union members.”
Said Vice Chairman Kyle S. Hauptman, “Charles is joining NCUA with years of financial services experience and first-hand knowledge of the credit union world. Most importantly, Charles knows his job is to ensure the NCUA isn’t a technophobic agency. The NCUA Board wouldn’t be doing its job if we didn’t embrace fintech, both at the Agency and at America’s more than 4800 credit unions.”
“Charles Vice’s knowledge and expertise is of tremendous value to the NCUA and for credit unions,” Board Member Rodney E. Hood said. “He has been at the forefront of financial supervision as the Commissioner at the Department of Financial Institutions in the Commonwealth of Kentucky. But more than that, Charles has been at the forefront of advances in regtech and fintech. Charles has my full confidence in guiding the NCUA Board to create a framework that enables credit unions to keep pace and respond to rapidly evolving consumer behavior while also ensuring the safety and soundness of the credit union system.”
Prior to his selection as Director of Financial Technology and Access, Charles served as commissioner of the Kentucky Public Protection Cabinet’s Department of Financial Institutions (DFI) and as treasurer of the National Association of State Credit Union Supervisors. As commissioner of the DFI, Charles was responsible for the regulatory oversight of all Kentucky state-chartered financial institutions. Prior to joining DFI, Charles was an employee of the Federal Deposit Insurance Corporation for 18 years, serving as an expert on subprime lending and capital markets.
Mr. Vice holds a bachelor’s degree in finance from the University of Southern Mississippi.