President Obama has announced his intent to nominate Texastax attorney and former TARP panel member Mark McWatters to theNCUA Board.

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McWatters served as counsel for Rep. Jeb Hensarling (R-Texas) in2009. He was a member of the Troubled Asset Relief ProgramCongressional Oversight Panel in Washington from December 2009 toApril 2011.

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McWatters currently is assistant dean for graduate programs atSouthern Methodist University's School of Law in Dallas.

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If confirmed, McWatters would fill Republican Michael Fryzel's spot on the three-person board. Fryzel hasbeen serving since July 2008 and his term has expired.

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The current chairman of the board is Debbie Matz and Richard Metsger, who was confirmed this summer, also sits onthe panel. They are both Democratic appointees.

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McWatters received a B.B.A. in accounting from Texas ChristianUniversity, an M.B.A. from Michigan State University, a J.D. fromthe University of Texas School of Law, an LL.M. from ColumbiaUniversity School of Law, and an LL.M. in Taxation from New YorkUniversity School of Law.

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The announcement was posted on the White House website onTuesday.

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