Wolters Kluwer Financial Services has added Timothy R. Burniston, a former senior associate director with the Federal Reserve Board's division of consumer and community affairs, to its regulatory and risk management consulting team.
In his previous position with the Fed, Burniston was recently tapped by the U.S. Treasury Department to help develop the new Consumer Financial Protection Bureau's large depository institution examination program. Burniston's main responsibilities within the Fed included monitoring and evaluating its consumer compliance examination and fair-lending enforcement programs.
Burniston began his regulatory career as an analyst and consumer compliance examiner with the Federal Reserve Bank of New York in 1977 and joined the Fed's division of consumer and community affairs shortly thereafter. Burniston left the Fed in 1988 to establish the compliance examination program at the Office of Thrift Supervision. In 2000, he joined the FDIC to oversee a major redesign of that agency's consumer compliance examination program. He returned to the Fed in 2005.