Mark Pearce

Former Chief Deputy Commissioner of Banks, North Carolina Office of the Commissioner of Banks

mark pearce - Mark Pearce

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Date Recorded:
June 9, 2020

Interviewed by:
Andrew O’Shaughnessy


Mark Pearce is the Director of the FDIC’s Division of Depositor and Consumer Protection. In that role, he leads the FDIC’s consumer and depositor protection efforts. Before joining the FDIC, Mark was Chief Deputy Commissioner of Banks for the State of North Carolina. Before that, he served as President of the Center for Responsible Lending and worked for Self-Help, one of the largest CFDI’s in the United States. Pearce has also had a term as President of the American Association of Residential Mortgage Regulators, served on the State Foreclosure Prevention Working Group, and chaired the Conference of State Banking Supervisors’ Mortgage Policy subcommittee. Mark graduated from Harvard Law School and has a B.A. from the University of North Carolina at Chapel Hill.

Annotated Bibliography

Opening Statement of Mark E. Pearce – North Carolina Deputy Commissioner of Banks: Public Hearing on the Home Ownership and Equity Protection Act of 1994 before the Board of Governors of the Federal Reserve System (testimony of Mark E. Pearce)

In this testimony before the Board of Governors of the Federal Reserve System, Pearce discusses the failures of the Home Ownership and Equity Protection Act (HOEPA) to prevent abuses associated with predatory lending and asserts that HOEPA can be updated to offer further consumer protection and establish fair standards in the mortgage marketplace, as seen in North Carolina’s experience.

“Predatory Lending Bill A Ruse, Consumer Groups Charge.” ConsumerAffairs, 16 March 2015.

In this article by Consumer Affairs, Pearce is quoted several times regarding the proposed 2015 bill destroying many state and federal regulations against predatory lending. He argues that the bill is merely an attempt for lenders to get around the strong predatory lending regulations.

Oral Statement of Mark Pearce on Payday Loans: Short-term Solution or Long-term Problem – Hearing before the Senate Special Committee on Aging (testimony of Mark Pearce), 113th Congress. 14 July 2013.

In this oral statement before the Senate Special Committee on Aging, Pearce provides testimony as a representative of the Federal Deposit Insurance Corporation (FDIC) regarding the small dollar credit needs of older Americans and FDIC’s role in ensuring the elderly do not endure financial troubles as a result of payday lending.