Obama intends to nominate McWatters to NCUA Board

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Mark McWatters

Dec. 19, 2013 – NAFCU President and CEO Dan Berger called Mark McWatters, formerly a a member of the Troubled Assets Relief Program Congressional Oversight Panel, to congratulate him on his pending nomination to the NCUA Board.

The president late Monday issued a statement that he plans to nominate McWatters to succeed Michael Fryzel, whose term officially expired Aug. 2.

"NAFCU commends McWatters on his selection by President Obama for the NCUA Board," Berger said."We stand ready to work with McWatters should he be confirmed. We also look forward to continuing our work with NCUA to ensure a positive regulatory environment for credit unions."

McWatters is the assistant dean for graduate programs and an adjunct professor at the Southern Methodist University Dedman School of Law. He served as counsel to Rep. Jeb Hensarling, R-Texas, now chairman of the House Financial Services Committee, in 2009 and was on the TARP Congressional Oversight Panel from 2009 to 2011.

If confirmed, McWatters would serve alongside NCUA Board Chairman Debbie Matz and Board Member Rick Metsger. He would serve a six-year term.

Related Links:
White House announcement