Senate Banking Committee approves NCUA board nominee

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The Senate Banking Committee on Wednesday approved Kyle Hauptman’s nomination to the NCUA Board. Next up, Hauptman’s nomination will go before the full Senate, however, it is not clear when that will be.

In June, President Donald Trump announced his intention to nominate Hauptman, economic policy advisor to Sen. Tom Cotton, R-Arkansas, to be a member of NCUA’s three-member board.

Following Hauptman’s nomination, New York Credit Union Association President/CEO William J. Mellin said that “Mr. Hauptmann’s deep economic policy advisory experience and knowledge make him aptly suited as we to continue in our efforts to work together with NCUA toward a more favorable regulatory environment for the state’s credit unions.”

Hauptman, who is also staff director of the Senate Banking Committee’s Subcommittee on Economic Policy and worked on the 2016 presidential transition team, would replace Board Member J. Mark McWatters, if confirmed by the Senate.

McWatters, a Republican whose term expired last year, agreed to remain on the NCUA board until his replacement was determined. Hauptman would join Chairman Rodney Hood, also a Republican, and Todd M. Harper, a Democrat.

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