Mon, Jan 30, 2017
The Trump administration has elevated NCUA Board Member Mark McWatters to acting chairman, replacing Democrat Rick Metsger, who will remain on the board.
McWatters was nominated to the NCUA Board by President Barack Obama on January 7, 2014. Following confirmation by the U.S. Senate on June 19, 2014, Mr. McWatters took office as an NCUA Board Member on August 26, 2014.
With more than 30 years of legal experience as a tax, corporate finance and mergers and acquisitions attorney, McWatters has worked in both federal and state government, the private sector and academia and has significant experience in public policy issues related to the regulation of financial institutions and alternative investment vehicles, including service as a member of the Troubled Asset Relief Program Congressional Oversight Panel. Mr. McWatters is also licensed as a Certified Public Accountant.