McWatters named NCUA board chairman

McwattersPresident Donald Trump officially appointed J. Mark McWatters as NCUA’s new board chairman. McWatters, who previously served as acting chairman, assumed the new role June 23, though the agency just announced the news yesterday.

McWatters was nominated to the NCUA board by then-President Barack Obama in January 2014, and he was confirmed by the Senate and took office Aug. 26 of the same year.

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Straight to The Point: June 27, 2017

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Good morning. Both the House and U.S. Senate are in session today. As previously reported, NCUA board Acting Chairman J. Mark McWatters offered testimony before the Senate banking committee last week. Video from the hearing is available on the committee’s website (McWatter’s statement begins around the 38:40 mark). In other news…

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