NCUA, FHFA Nominees Clear Senate Banking Committee

The Senate Banking Committee Tuesday voted to advance the nominations of Rodney Hood and Todd Harper to serve on the NCUA board, and for Dr. Mark Calabria to serve as director of the Federal Housing Finance Agency (FHFA). The three must now be confirmed by the full Senate.

Hood, Harper, and Calabria testified before the committee on February 14. During the hearing, both Hood and Harper said they would work to ensure the safety and soundness of the credit union industry if confirmed to serve on the NCUA Board. They also discussed the importance of increasing access to affordable financial services in rural communities and for unbanked and underbanked communities.

Their testimony and archived video of the hearing is available here.

Hood and Harper both passed the committee via voice vote. Calabria’s nomination passed by a 13-12 vote.

Hood was re-nominated by President Donald Trump in January, after he was nominated during the previous Congress but did not see a vote. He previously served as vice chair of board from October 2005 to August 2010. He would replace board member Rick Metsger for a term ending August 2023.

Harper, nominated in February, served as director of public and congressional affairs and as the chief policy advisor to the NCUA chairman until 2017. He would take the seat left vacant by former chair Debbie Matz for a term ending April 2021.

Calabria currently serves as chief economist for Vice President Mike Pence.