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NCUA board nominee Mark McWatters to testify before Senate committee

Mark McWatters

Mark McWatters

NCUA board nominee Mark McWatters will testify before the Senate Banking Committee next week on his nomination to succeed Fryzel, whose term ended in August.

The Senate committee will hold the hearing at 10 a.m. on Tuesday, March 4.

McWatters will appear along with several other nominees, including Federal Reserve board nominees Stanley Fischer, Jerome Powell and Lael Brainard; and Gustavo Velasquez Aguilar, who was nominated as an assistant secretary for the Department of Housing and Urban Development.

Dan Berger, the president and CEO of the National Association of Federal Credit Unions, said he looks forward to working with McWatters upon confirmation, along with the entire NCUA board, “to ensure a positive regulatory environment for credit unions.”

McWatters was nominated by President Obama in January for a term that will continue through August 2, 2019.

From 2009 to 2011, he served on the congressional oversight panel for the Troubled Assets Relief Program, before which he served as counsel to Rep. Jeb Hensarling (R-Texas), now the chairman of the House Financial Services Committee.

Currently, McWatters serves as the assistant dean for graduate programs and as an adjunct professor at the Southern Methodist University Dedman School of Law.

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