WASHINGTON The Senate Banking Committee is expected to hold a confirmation hearing as soon as next week on NCUA Board nominee Rick Metsger to fill out the three-person panel.
Metsger is expected to be paired with Mel Watt, a Democratic Congressman from North Carolina who has been nominated by President Obama to be the director of the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac.
Metsger is a Democratic former state senator from Oregon who is well known in Portland from the 15 years he spent as a sports and news reporter for KOIN television (Channel 6). He unsuccessfully ran for secretary of state in 2008 and state treasurer in 2010. If confirmed by the full Senate, Metsger would succeed Democrat Gigi Hyland, who left the board last year after completing her six-year term.
Another vacancy is about to open on the NCUA Board, as Republican Michael Fryzel’s six-year term is scheduled to expire in August.
