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News Now

Washington
NEW: NCUA Nomination Could Move Quickly
WASHINGTON (UPDATED: 6/24/13, 1 P.M. ET)--Former Oregon State Sen. Rick Metsger's (D) nomination to become a member of the National Credit Union Administration board could progress quickly if, as expected, it is approved by the Senate Banking Committee this week.

Metsger's nomination will be discussed before the committee on Thursday, June 27, at 10 a.m. (ET).

Credit Union National Association 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 CU 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 June 27 include Rep.  Melvin L. Watt (D-N.C.) 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.


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