Jeremiah Norton, an architect of some of the Bushadministration's responses to the financial crisis, has beennominated by President Obama to the board of the FDIC.
|Norton, an executive director of J.P. Morgan Securities LLC, wasdeputy assistant treasury secretary during the final two years ofthe presidency of George W. Bush. He worked on the Troubled AssetsRelief Program and the government conservatorship of Fannie Mae andFreddie Mac.
|Before that, he was the top aide on banking issues to Rep. EdRoyce (R-Calif.), the lead sponsor of legislation to raise the cap on member business loans.
|Norton's nomination is subject to Senate confirmation. Because he would be filling a Republican seat on the board, he wasrecommended to the Obama administration by Senate Republicans.
|Some credit union industry sources said the Senate BankingCommittee might pair Norton with Carla Decker, Obama's choice to succeed Gigi Hyland on the NCUABoard, and hold a confirmation hearing for both at the sametime.
|The Senate Banking hasn't announced a confirmation hearing foreither Norton or Decker.
|Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
