WASHINGTON - NCUA Board nominee tells Senate committee he'll consider unintended consequences and promote transparency if confirmed.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
NCUA board hopeful will share the confirmation panel with three Federal Reserve Board nominees.
The complexity of reforming the secondary mortgage market, combined with its risk and Congress' inability to compromise, are the three reasons industry lobbyists and housing experts don't expect its completion in 2014.
With less than a year to go before the 2014 midterm elections, credit union trade organizations are focusing their attention on key Senate races.
Complexity, risk, congressional gridlock fingered in failure to reform Freddie, Fannie, FHFA this year.
NCUA board member also provides a sneak peek at what might be his last major conference speech in his current position.
CUNA and NAFCU both throw their support behind credit union supporters like Sen. Mark Udall (D-Colo.) and Sen. Mitch McConnell (R-Ky.).
NCUA Board hopeful Mark McWatters was included on a list of 10 nominees President Barack Obama sent to the Senate for confirmation consideration.
Proposed legislation introduced by Sen. Mark Warner (D-Va.) would require the CFPB to write new disclosure rules.