WASHINGTON (7/19/13)--In a voice vote, the Senate Banking Committee has cleared the nomination of Richard Metsger to the National Credit Union Administration Board. The nomination will move forward to the full Senate floor for a confirmation vote.
Although there is no definitive word yet on timing yet, Metsger's nomination is not considered to be controversial and could get a full Senate vote before the U.S. Congress breaks in August for its Summer District Work Session.
Credit Union National Association Deputy General Counsel Mary Dunn said CUNA looks forward to working with Metsger once he is installed at NCUA.
The committee also voted to move forward the nominations of Rep. Mel Watt (D-N.C.) to be director of the Federal Housing Finance Agency; Jason Furman, to be a member and chairman of the Council of Economic Advisers; and Kara Stein, Michael Piwowar, and Mary Jo White, to be members of the Securities and Exchange Commission.