Richard H. Neiman (born 1951) is an American financial advisor and attorney who served as the 43rd
Superintendent of Banks of
New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
, managing the
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. The New York State Banking Department was the oldest bank regulatory agency in the United Stat ...
.
Education
Neiman received his bachelor's degree from
American University
The American University (AU or American) is a Private university, private University charter#Federal, federally chartered research university in Washington, D.C., United States. Its main campus spans 90-acres (36 ha) on Ward Circle, in the Spri ...
in 1972, and a
juris doctor
A Juris Doctor, Doctor of Jurisprudence, or Doctor of Law (JD) is a graduate-entry professional degree that primarily prepares individuals to practice law. In the United States and the Philippines, it is the only qualifying law degree. Other j ...
from the
Emory University School of Law
Emory University School of Law is the law school of Emory University, a private research university in Atlanta, Georgia. It was founded in 1916 and was the first law school in Georgia to be granted membership in the American Association of Law ...
in 1975.
[https://www.linkedin.com/in/richard-h-neiman-60380932 ]
Career
Neiman began his career with the
Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation ...
in Washington, D.C. where he served as Special Assistant to the Chief Counsel. After the Comptroller's Office, he spent 10 years at
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...
, 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
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom.
It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along ...
. In 1994, Mr. Neiman joined
TD Waterhouse
TD Waterhouse Canada Inc. is a Canadian financial services corporation headquartered in Toronto, Ontario. It is a wholly owned subsidiary of Toronto-Dominion Bank. The company does business through several divisions, namely TD Direct Investing, ...
., a bank holding company and global online financial services firm, as Executive Vice President and General Counsel. He remained with TD Waterhouse until its merger into
TD Ameritrade
TD Ameritrade Holding Corporation was a stockbroker that offered an electronic trading platform for the trade of financial assets. The company was founded in 1975 as First Omaha Securities. In 2006, it acquired the United States operations of TD ...
in 2006.
On November 14, 2008 Neiman was appointed by United States House of Representatives Speaker
Nancy Pelosi
Nancy Patricia Pelosi ( ; ; born March 26, 1940) is an American politician who was the List of Speakers of the United States House of Representatives, 52nd speaker of the United States House of Representatives, serving from 2007 to 2011 an ...
to serve on the five-member
Congressional Oversight Panel
The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector Gene ...
created to oversee the implementation of the
Emergency Economic Stabilization Act of 2008
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing fi ...
.
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.
Prior to joining the
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. The New York State Banking Department was the oldest bank regulatory agency in the United Stat ...
, Neiman served as President and Chief Executive Officer of
TD Bank, N.A., a wholly owned subsidiary of the
Toronto-Dominion Bank
Toronto-Dominion Bank (), doing business as TD Bank Group (), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of ...
.. He was appointed to serve as the Superintendent of Banks by then-Governor
Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney who served as the 54th governor of New York from 2007 until his resignation in 2008 after a prostitution scandal. A member of the Democratic Party, he was also ...
, succeeding
Diana Taylor. While Superintendent, his authority over mortgage lending and servicing greatly expanded with new laws in 2008 and 2009.
Neiman stepped down from the
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. The New York State Banking Department was the oldest bank regulatory agency in the United Stat ...
in 2011 to serve as the vice chairman of the financial services regulatory practice at
PricewaterhouseCoopers
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom.
It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...
.
Neiman chairs the Foreign Bank Regulatory Committee of the Conference of State Bank Supervisors. He also chairs New York State's HALT (Halt Abusive Lending Transactions) Task Force to address housing and
foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), coll ...
issues in New York. He has testified before Congress several times regarding foreclosure mitigation.
Neiman is on the Board of Directors and a Vice President of the
Henry Street Settlement
The Henry Street Settlement is a not-for-profit social service agency on the Lower East Side of Manhattan, New York City that provides social services, arts programs and health care services to New Yorkers of all ages. It was founded under 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
Harlem is a neighborhood in Upper Manhattan, New York City. It is bounded roughly by the Hudson River on the west; the Harlem River and 155th Street on the north; Fifth Avenue on the east; and Central Park North on the south. The greater ...
and
Washington Heights.
He received the Foreign Policy Association Medal for Public Service in 2010 and the
Rockefeller College of Public Affairs & Policy Distinguished Public Services Award in 2009.
References
Further reading
*
Paterson, David ''
Black, Blind, & In Charge: A Story of Visionary Leadership and Overcoming Adversity''. New York, New York, 2020
External links
New York State Banking Department*
{{DEFAULTSORT:Neiman, Richard H.
1951 births
Living people
State cabinet secretaries of New York (state)
American University alumni
Emory University School of Law alumni
American chief executives
American bankers