March 4, 2014 – Monday's fresh snowfall in Washington forced delays in some activities, including a hearing where Mark McWatters had been scheduled to testify on his nomination to the NCUA Board.
The Senate Banking Committee had been set to hear from McWatters and four other federal agency nominees – three for the Federal Reserve Board, another for the Department of Housing and Urban Development – at 10 a.m. today. The hearing was postponed. If he wins Senate confirmation, McWatters would have an NCUA Board term lasting through Aug. 2, 2019. Also ahead this week are two House subcommittee hearings on data security and, among other things, possible House action on H.R. 3370, a NAFCU-supported measure to delay hikes in flood insurance premiums under the 2012 Biggert-Waters Flood Insurance Reform Act. NAFCU lobbyists will be on the Hill this week monitoring these and other activities having an impact on credit unions. Hearings ahead are as follows: