President Obama recently sent Mark McWatters’ nomination to serve on the board of the National Credit Union Administration to the Senate.
“This is a pro forma step in the process that formally puts the nomination in the hands of the Senate,” Ryan Donovan, the senior vice president of legislative affairs at the Credit Union National Association, said. “Now, the Banking Committee will begin their vetting process in advance of an eventual hearing.”
Last month, Obama announced his intent to nominate McWatters, a Texas tax attorney and former panel member for the Troubled Asset Relief Program. In 2009, McWatters served as counsel for Rep. Jeb Hensarling (R-Texas). Currently, he serves as the assistant dean for graduate programs at Dallas-based Southern Methodist University’s School of Law.
If confirmed, McWatters will replace board member Michael Fryzel, whose term expired in August, on the three-person board.
McWatters has a bachelor’s degree in accounting from Texas Christian University, a master’s from Michigan State University and a juris doctorate from the University of Texas Law School.