Obama meets with fin. regulators, including NCUA, at White House

October 6, 2014

WASHINGTON (10/7/14)--The implementation of the Dodd-Frank Act was the subject of a discussion hosted by President Barack Obama at the White House Monday featuring federal financial regulators.

National Credit Union Administration Chair Debbie Matz along with Janet Yellen, chair of the board of governors of the Federal Reserve; Martin Gruenberg, chair of the Federal Deposit Insurance Corp.; Mel Watt, director of the Federal Housing Finance Agency; Richard Cordray, director of the Consumer Financial Protection Bureau; and Thomas Curry, comptroller of the Office of the Comptroller of the Currency, were among those present.

During the course of the meeting, Obama urged regulators to maintain focus on ensuring that "prudent capital cushions are in place, particularly for the largest, most complex global firms, to provide further protection for the U.S. financial system," according to a release from the White House.

According to the White House, participants reiterated the need for additional resources and stability of funding to help protect middle-class families, safeguard the financial system, pursue bad actors and fulfill their missions.