ALEXANDRIA, Va. – NCUA said this afternoon that Gail Laster. deputy chief counsel for the House Financial Services Committee who helped draft the Dodd-Frank Act, has been named director of the agency’s Office of Consumer Protection.
Laster has been with the Financial Services Committee since 2007 and participated in drafting many of the consumer protection laws with which credit unions are expected to comply, including the Dodd-Frank Wall Street Reform and Consumer Protection Act. The NCUA Office of Consumer Protection is charged with seeing that credit unions comply with consumer laws and fielding complaints from credit union members on consumer issues, among other things.
Laster will succeed Kent Buckham, the former chief corporate examiner who has headed the consumer office since its opening two years ago. Buckham has had many roles at NCUA and was director of its Office of Corporate CUs during the corporate credit union meltdown. Buckham will retire at year-end, after 35 years with NCUA.
Laster is a graduate of the New York University School of Law and earned an undergraduate degree from Yale University.