President Trump to Nominate Kyle Hauptman to Succeed J. Mark McWatters on NCUA Board

Hauptman is currently a key advisor to Sen. Tom Cotton and the Staff Director of the Senate Banking Committee’s subcommittee on Economic Policy.

6/16/2020

President Trump announced Monday his intent to nominate Kyle Hauptman, of Maine, to fill the expired term of J. Mark McWatters on the National Credit Union Administration Board of Directors. McWatters has continued to serve until a replacement is confirmed by the Senate. If Hauptman is confirmed, he will serve the remainder of a six-year term that will expire in 2025.

Hauptman served on the Presidential Transition Team in 2016, advised Mitt Romney during his presidential campaign in 2012, and now serves dual roles as an economic policy advisor to Sen. Tom Cotton (R-Ark) and as staff director of the Senate Banking Committee’s Economic Policy subcommittee. He is a former bond trader at Lehman Brothers offices in New York, Tokyo, and Sydney, and served as a voting member of the Securities and Exchange Commission Advisory Committee on Small and Emerging Companies.

NCUA Chair Rodney Hood congratulated Hauptman on the intended nomination.

“Kyle has significant experience in the financial services sector as well as the public policy arena, which will serve him well. If confirmed, I look forward to working with Kyle to ensure credit unions have the regulatory structure to meet the evolving needs of their members and serve as a vital component of the nation’s economic recovery following the COVID-19 pandemic,” Hood said.

Hauptman holds a master’s degree in business administration from Columbia Business School, and a Bachelor of Arts degree from University of California, Los Angeles.

“I applaud Mr. Hauptman for answering the call to public service and for his readiness to join the solid leadership team at NCUA,” said Troy Stang, President and CEO of the Northwest Credit Union Association.

Cotton’s current boss took to Twitter to commend President Trump for selecting Hauptman.

“I regret to see Kyle go, but I know he will serve our country with distinction in this important role,” Cotton tweeted.

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