The Federal Financial Institutions Examination Council, which is comprised of members from the Federal Reserve, FDIC, National Credit Union Administration, CFPB, OCC and State Liaison Committee, announced on Wednesday the appointment of Karen Lawson to the SLC.
Lawson, the current director of the Michigan Department of Insurance and Financial Services’ Office of Banking, will serve on the SLC until April 30, 2015. The five-member SLC supervises financial institutions, and Lawson will succeed Charles A. Vice, the commissioner of the Kentucky Department of Financial Institutions.
In 1994, Lawson came to Michigan as a bank examiner and became regional supervisor in 2003, overseeing a number of banks and portfolios in her position. While in her positions, she served as the agency’s central contact point for one of Michigan’s largest banks and a multi-state banking organization headquartered in the Michigan.
The SLC was created in 1978 to set uniform standards, principles and forms for the federal examination of financial institutions. The committee is also responsible for promoting uniformity in the supervision of institutions and providing examiners with proper training.
Other members of the SLC include Chairman David Cotney, the commissioner of banks in Massachusetts, Thomas Candon, the deputy commissioner of banking and securities in Vermont, Lauren Kingry, the superintendent of Arizona’s Department of Financial Institutions and Michael Mach, the banking administrator for Wisconsin.