President Trump is seriously considering nominating NCUA Chairman J. Mark McWatters as CFPB director, according to sources inside the credit union industry.
McWatters has been interviewed for the position and a background check is underway, one source told CU Times. If all goes well for McWatters, the nomination could be announced as early as next week, the source said.
Through an NCUA spokesperson, McWatters declined comment.
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