McWatters under serious consideration for CFPB director

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » 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.White House officials believe that McWatters could be more easily confirmed by the Senate because he has been confirmed before—as a member of the NCUA board, the source said. In addition, President Obama nominated McWatters as chairman of the Export-Import Bank. McWatters was never confirmed because some Republican senators, including then-Banking Committee Chairman Richard Shelby (R-Ala.)– oppose the bank.last_img read more