While credit unions, Leagues and CUNA are focused on the preparations for the credit union governmental affairs conference (CUNA GAC) approaching in March, the U.S. Senate is seeking to move forward several nominations to regulatory posts of note for the industry. This week on February 26th the Senate Banking Committee voted 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.
Hood was renominated by President Trump in January, after he was nominated in the previous Congress but did not see a vote. He previously served as vice chair of the 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.
