April 29, 2014

McWatters nomination clears committee

April 29, 2014 – Mark McWatters' nomination to the NCUA Board was approved by the Senate Banking Committee by a voice vote today and is headed next to the full Senate, which could vote to confirm him at any time.

Three Federal Reserve Board nominees were also approved by the committee today, as well as two nominees for the Department of Housing and Urban Development:

  • Stanley Fischer to be vice chairman of the Federal Reserve Board,
  • Jerome Powell and Lael Brainard to be members of the Fed Board,
  • Nani Coloretti to be deputy secretary of HUD, and
  • Gustavo Aguilar to be assistant secretary of HUD.

McWatters was nominated to the NCUA Board for a term that continues through Aug. 2, 2019. He would succeed Michael Fryzel. Fryzel's term expired in August 2013. Fryzel plans to continue on the board until his successor is confirmed.