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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
3 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
5 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
5 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
6 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
6 hours ago