NCUA board member J. Mark McWatters resigned from his position Friday, apparently forced off the board by NCUA Chairman Rodney Hood, Credit Union Times reported.
During last Thursday’s board meeting, McWatters, a Republican, and Todd Harper, a Democrat, said they could not support the budget that Hood proposed, with Harper saying he wanted a dedicated consumer protection staff at the agency, and McWatters not giving a reason for his opposition, according to the CU Times.
It is unclear if the budget disagreement led to McWatters’ departure.
Today Hood released the following statement on the departure of McWatters:
“Board Member Mark McWatters’ service on the NCUA Board concluded last week. I would like to extend a sincere thank you to Board Member McWatters for his service. His years on the NCUA Board are a credit to his decades long career in law and policymaking. I wish Mark all the best in his future endeavors.”
McWatters’ term had already expired, and he was serving on the board until a successor was named. The Senate is expected to consider and likely confirm Kyle Hauptman, a Republican, next week.