The Federal Deposit Insurance Corp. (FDIC) has appointed Mark Pearce director of the newly established Division of Depositor and Consumer Protection (DCP). The FDIC board of directors approved the creation of the DCP last August to help carry out its responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Pearce has been the chief deputy commissioner of banks for North Carolina since 2009, managing the supervision of nondepository financial institutions operating in the state, including mortgage, consumer finance, check-cashing and money service businesses. He also developed and managed the North Carolina Foreclosure Prevention Project.
Prior to joining state government, Pearce spent more than 10 years with the Center for Responsible Lending in Durham, N.C.