NCUA nomination could move quickly
Former Oregon State Senator Rick Metsger's (D) nomination to become a member of the National Credit Union Administration (NCUA) board could progress quickly if, as expected, it is approved by the Senate Banking Committee by the end of June.
Credit Union National Association (CUNA) Senior Vice President of Legislative Affairs Ryan Donovan said there is an interest in the Senate to hold confirmation votes on non-controversial nominations such as Metsger's in July. "There is a plausible path to have it happen in July," he added.
Metsger, who would fill the vacant NCUA board seat created when former member Gigi Hyland exited last year, served as Oregon state senator from 1999 to 2011, where he chaired the Oregon Senate committee that heard all financial institution legislation. He was a member of the board of directors at Portland Teachers Credit Union from 1993 to 2001 and has also been a board member of Financial Beginnings, a nonprofit focused on increasing students' financial literacy.
Other nominees on the committee's list include Representative Melvin L. Watt (D-NC) to be director of the Federal Housing Finance Agency; Dr. Jason Furman, of New York, to be a member and chairman of the Council of Economic Advisers; Kara M. Stein of Maryland, to be a member of the Securities and Exchange Commission; and Dr. Michael S. Piwowar of Virginia, to be a member of the Securities and Exchange Commission.