Washington Wire – March 5, 2019

The Senate Banking Committee voted recently to advance the nominations of Rodney Hood and Todd Harper to serve on the NCUA board and for Mark Calabria to serve as director of the Federal Housing Finance Agency (FHFA). The three must now be confirmed by the full Senate.

“We thank the Senate Banking Committee for prompt consideration of these nominees and hope to see a vote on the Senate floor soon,” said Ryan Donovan, CUNA chief advocacy officer. “Credit unions look forward to working with a full, three-person NCUA board, and with the next phase of leadership at the FHFA.”

Hood was re-nominated by President Donald Trump in January after he was nominated in the previous Congress but did not see a vote. He previously served as vice chair of board from October 2005 to August 2010. He would replace board member Rick Metsger for a term ending August 2023.

Harper, nominated in February, served as director of public and congressional affairs and as the chief policy advisor to the chairman at NCUA until 2017. He would take the seat left vacant by former chair Debbie Matz for a term ending April 2021.

Hood and Harper testified before the Senate Banking Committee Feb. 14, and both passed the committee via voice vote.

Calabria, the current chief economist for Vice President Mike Pence, passed the committee with a 13-12 vote. He also testified before the Senate Banking Committee Feb. 14.

Read the full Washington Wire here.