Debbie Matz

Deborah "Debbie" Matz (born August 25, 1950) is an American civil servant who served as the 8th Chairman of the National Credit Union Administration.

She began her career working for the United States Department of Housing and Urban Development in New York and then served as a staffer for Congressman Peter A. Peyser (D-NY).

[1] At the recommendation of then-Senate Majority Leader Tom Daschle,[2] President George W. Bush nominated Matz to her first term on the NCUA board.

[5] During her first term, Matz initiated a series of workshops called Partnering and Leadership Successes (PALS) to encourage credit unions to reach out to consumers in their field of membership who were underserved by federally insured depository institutions or who relied upon non-traditional lenders to meet their cash needs.

[10] As the global financial crisis took hold in 2008, five corporate credit unions that had purchased high concentrations of faulty mortgage-backed securities faltered and were ultimately liquidated by NCUA.

In one of her early acts as NCUA chairman, Matz developed revised rules to strengthen the governance and operations of corporate credit unions.

Many of the largest corporate credit unions had invested in private-label, mortgage-backed securities that experienced dramatic, unprecedented declines in value, effectively rendering five of these wholesale institutions insolvent.

[16] NGN trusts, guaranteed by the full faith and credit of the U.S. Government, issued $28.3 billion in securities backed by the cash flows from the legacy assets.

Matz has worked to hold accountable the parties that sold the faulty mortgage-backed securities that caused the corporate credit union crisis.

NCUA's Corporate System Resolution program ensured that credit unions recovered from the crisis without any interruption in payment services, any loss of insured funds, or any direct costs to taxpayers.

[21] Matz also represented NCUA on the Federal Financial Institutions Examination Council,[22] which she chaired for two years starting in April 2011,[23] and as vice chairman on the board of NeighborWorks America.

Under Matz's leadership, FFIEC also issued best practices and guidance on interest rate risk, outsourced cloud computing, and real estate appraisals.

The hotline includes a website and a toll-free call center to ensure that appraisal complaints are routed quickly to the federal or state agency that can best address each issue.