Obama nominates Mark McWatters to NCUA Board

By Nicholas Ballasy

President Obama announced the nomination of Texas tax attorney and former TARP panel member Mark McWatters to the National Credit Union Administration board on Tuesday.

McWatters served as counsel for Rep. Jeb Hensarling (R-Texas) in 2009. He was a member of the Troubled Asset Relief Program Congressional Oversight Panel in Washington from December 2009 to April 2011.

McWatters currently is assistant dean for graduate programs at Southern Methodist University's School of Law in Dallas.

If confirmed, McWatters would fill Republican Michael Fryzel’s spot on the three-person board. Fryzel has been serving since July 2008 and his term has expired.

The current chairman of the board is Debbie Matz and Richard Metsger, who was confirmed this summer, also sits on the panel. They are both Democratic appointees.

McWatters received a B.B.A. in accounting from Texas Christian University, an M.B.A. from Michigan State University, a J.D. from the University of Texas School of Law, an LL.M. from Columbia University School of Law, and an LL.M. in Taxation from New York University School of Law.