Richard H. Neiman
Encyclopedia
Richard H. Neiman is the 43rd Superintendent of Banks for the State of New York
. As such, he serves as the head of the New York State Banking Department
. He was appointed by the Governor in March 2007.
On November 14, 2008 Neiman was appointed by United States House of Representatives Speaker Nancy Pelosi
to serve on the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act.
In October 2010, Neiman joined the Executive Committee to coordinate the 50 state Attorneys General and 39 state banking agencies investigating allegations of the use of fraudulent documentation by mortgage servicers in the foreclosure process. Neiman is also one of the three bank regulators participating with 12 Attorneys General in the State Foreclosure Prevention Working Group, a multi-state task force established in 2007 seeking to reduce the number of unnecessary foreclosures by encouraging loan modifications and other sustainable long-term solutions by mortgage servicers.
Neiman chairs the Foreign Bank Regulatory Committee of the Conference of State Bank Supervisors (CSBS), the nation's only coalition of state bank regulators. He also chairs New York State's HALT (Halt Abusive Lending Transactions) Task Force to address housing and foreclosure
issues in New York. He has testified before Congress Several times regarding foreclosure mitigation.
While Superintendent, his authority over mortgage lending and servicing greatly expanded with new laws in 2008 and 2009. Subsequent Superintendent's regulations issued under these laws are considered the nation's most comprehensive governing mortgage loan servicers.
He advocates for similar mortgage servicer regulations at the national level, and more broadly for Cooperative Federalism between state and federal bank for improved financial regulation.
Mr. Neiman began his career with the Office of the Comptroller of the Currency
in Washington, D.C. where he served as Special Assistant to the Chief Counsel. After the Comptroller's Office, he spent 10 years at Citicorp, where he held a variety of legal and regulatory positions, including General Counsel of its Global Equities Group. Mr. Neiman then returned to Washington, D.C. to serve as Director of Regulatory Advisory Services for Price Waterhouse. In 1994, Mr. Neiman joined TD Waterhouse Group, Inc., a bank holding company and global online financial services firm, as Executive Vice President and General Counsel. He remained with TD Waterhouse until its acquisition by Ameritrade in 2006.
Immediately prior to joining the Banking Department, Mr. Neiman served as President and Chief Executive Officer of TD Bank USA, N.A., a wholly owned subsidiary of The Toronto-Dominion Bank
.
Neiman is on the Board of Directors and a Vice President of the Henry Street Settlement
, one of New York’s oldest social services organizations and provider of shelters for the homeless. He also serves on the Board of the Harlem Educational Activities Fund, a mentoring and college preparatory organization serving students in Harlem and Washington Heights.
He received the Foreign Policy Association Medal for Public Service in 2010 and the Rockefeller College of Public Affairs and Policy Distinguished Public Services Award in 2009.
Neiman received his bachelors degree from American University
, and a juris doctor
from the Emory University School of Law
.
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
. As such, he serves as the head of the New York State Banking Department
New York State Banking Department
The New York State Banking Department was created by the New York Legislature on April 15, 1851, with a chief officer to be known as the Superintendent...
. He was appointed by the Governor in March 2007.
On November 14, 2008 Neiman was appointed by United States House of Representatives Speaker Nancy Pelosi
Nancy Pelosi
Nancy Patricia D'Alesandro Pelosi is the Minority Leader of the United States House of Representatives and served as the 60th Speaker of the United States House of Representatives from 2007 to 2011...
to serve on the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act.
In October 2010, Neiman joined the Executive Committee to coordinate the 50 state Attorneys General and 39 state banking agencies investigating allegations of the use of fraudulent documentation by mortgage servicers in the foreclosure process. Neiman is also one of the three bank regulators participating with 12 Attorneys General in the State Foreclosure Prevention Working Group, a multi-state task force established in 2007 seeking to reduce the number of unnecessary foreclosures by encouraging loan modifications and other sustainable long-term solutions by mortgage servicers.
Neiman chairs the Foreign Bank Regulatory Committee of the Conference of State Bank Supervisors (CSBS), the nation's only coalition of state bank regulators. He also chairs New York State's HALT (Halt Abusive Lending Transactions) Task Force to address housing and foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...
issues in New York. He has testified before Congress Several times regarding foreclosure mitigation.
While Superintendent, his authority over mortgage lending and servicing greatly expanded with new laws in 2008 and 2009. Subsequent Superintendent's regulations issued under these laws are considered the nation's most comprehensive governing mortgage loan servicers.
He advocates for similar mortgage servicer regulations at the national level, and more broadly for Cooperative Federalism between state and federal bank for improved financial regulation.
Mr. Neiman began his career with the Office of the Comptroller of the Currency
Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency is a US federal agency established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States...
in Washington, D.C. where he served as Special Assistant to the Chief Counsel. After the Comptroller's Office, he spent 10 years at Citicorp, where he held a variety of legal and regulatory positions, including General Counsel of its Global Equities Group. Mr. Neiman then returned to Washington, D.C. to serve as Director of Regulatory Advisory Services for Price Waterhouse. In 1994, Mr. Neiman joined TD Waterhouse Group, Inc., a bank holding company and global online financial services firm, as Executive Vice President and General Counsel. He remained with TD Waterhouse until its acquisition by Ameritrade in 2006.
Immediately prior to joining the Banking Department, Mr. Neiman served as President and Chief Executive Officer of TD Bank USA, N.A., a wholly owned subsidiary of The Toronto-Dominion Bank
Toronto-Dominion Bank
The Toronto-Dominion Bank , is the second-largest bank in Canada by market capitalization and based on assets. It is also the sixth largest bank in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the...
.
Neiman is on the Board of Directors and a Vice President of the Henry Street Settlement
Henry Street Settlement
The Henry Street Settlement is a not-for-profit social service agency in the Lower East Side neighborhood of Manhattan, New York City that provides social services, arts programs and health care services to New Yorkers of all ages. It was founded in 1893 by Progressive reformer Lillian Wald.The...
, one of New York’s oldest social services organizations and provider of shelters for the homeless. He also serves on the Board of the Harlem Educational Activities Fund, a mentoring and college preparatory organization serving students in Harlem and Washington Heights.
He received the Foreign Policy Association Medal for Public Service in 2010 and the Rockefeller College of Public Affairs and Policy Distinguished Public Services Award in 2009.
Neiman received his bachelors degree from American University
American University
American University is a private, Methodist, liberal arts, and research university in Washington, D.C. The university was chartered by an Act of Congress on December 5, 1892 as "The American University", which was approved by President Benjamin Harrison on February 24, 1893...
, and a juris doctor
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
from the Emory University School of Law
Emory University School of Law
Emory University School of Law is a first-tier US law school that is part of Emory University in Atlanta, Georgia. It is ranked #30 among ABA-approved law schools by the 2012 U.S. News & World Report...
.