Senate Banking Committee to Hear from NCUA Board, FHFA Director Nominees Feb. 14

The Senate Banking Committee will hear testimony from NCUA board nominees Rodney Hood and Todd Harper during a hearing Feb. 14, according to the committee. Hood was re-nominated by President Donald Trump in January after not receiving a hearing in the last Congress, and Harper was nominated in early February.

“We thank the Senate Banking Committee for scheduling testimony from Mr. Hood and Mr. Harper, and CUNA will be closely engaged with the hearing,” said Ryan Donovan, CUNA chief advocacy officer. “Credit unions look forward to a full, three-person board if these nominations go through.”

Hood previously served as vice chair of the NCUA board under President George W. Bush, serving on the board from October 2005 to August 2010. He was nominated to take the board seat currently held by board member Rick Metsger.

Hood’s term would end in August 2023.

Harper served as the director of public and congressional affairs and as the chief policy advisor to the chairman at NCUA until 2017. Prior to serving at the NCUA, he served 14 years on Capitol Hill as a senior aide to Rep. Paul E. Kanjorski (D-PA).

Harper’s nomination is for the seat left open by former Chair Debbie Matz. It is for a term that would expire in April 2021.

Current NCUA Chairman J. Mark McWatters’ term expires in August 2019.

The committee will also consider the nomination of Dr. Mark Calabria to be director of the FHFA. Calabria is chief economist for Vice President Mike Pence.

If advanced out of committee, the nominees will face a confirmation vote by the full Senate.