Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: Obama Sends McWatters NCUA Nom to Senate
WASHINGTON (1/8/14, UPDATED: 9:45 A.M. ET)--Mark McWatters' nomination to serve on the National Credit Union Administration board has been sent to the U.S. Senate by President Barack Obama.

"This is a pro forma step in the process that formally puts the nomination in the hands of the Senate. Now, the Banking Committee will begin their vetting process in advance of an eventual hearing," Credit Union National Association Senior Vice President of Legislative Affairs Ryan Donovan said.

Obama announced his intent to nominate McWatters in mid-December. McWatters' nomination is subject to a nomination hearing by the U.S. Senate Banking Committee and a confirmation vote by the Senate.

If confirmed, McWatters would replace board member Michael Fryzel, whose term ended Aug. 2, 2013, but he is allowed to continue serving until another board member is confirmed.


RSS print
News Now LiveWire
Data breach at Home Depot in Sept. cost CUs nearly $60M 2 reissue cards, deal w/fraud & other costs: new @CUNA survey http://t.co/kzHSX3rAzA
16 minutes ago
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
48 minutes ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
1 hours ago
.@CUNA's @HampelBill in @WSJ on @federalreserve mtg: 'No significant impact on financial markets or the economy' http://t.co/sbJycxdDXS
1 hours ago
#ApplePay: #Creditunions need it to be competitive, says @CUNA webinar http://t.co/Rf8j9KWru2
2 hours ago