Search
 

Gramm aide possible to replace Bair at Treasury

WASHINGTON-President George W. Bush announced his intent to nominate Wayne Abernathy, the Senate Banking Committee's minority staff director, to the position of Assistant Secretary for Financial Institutions at the Treasury Department filling the position Sheila Bair left earlier this summer. Abernathy is a long-time aide to Senator Phil Gramm. He...

By Staff Writer | Updated on August 13, 2002

WASHINGTON-President George W. Bush announced his intent to nominate Wayne Abernathy, the Senate Banking Committee’s minority staff director, to the position of Assistant Secretary for Financial Institutions at the Treasury Department filling the position Sheila Bair left earlier this summer. Abernathy is a long-time aide to Senator Phil Gramm. He has served at the Senate Banking Committee since 1981. Currently, he is the Republican staff director, but from 1999 to 2001 he was the committee staff director. Other jobs have included staff director for the Subcommittee on Securities, and Economist to both the committee and to the Subcommittee on International Finance and Monetary Policy. Abernathy earned a BA from Johns Hopkins University and a master’s degree from the School of Advanced International Studies there. “Both I, and NAFCU, have had the opportunity to work with Wayne on a variety of issues over the years,” NAFCU Senior Vice President and General Counsel Bill Donovan commented. He added that Abernathy was a “fine selection” and very accessible and knowledgeable. “He’s a very fair person; he’s open, accessible,” CUNA Vice President and Senior Legislative Counsel Gary Kohn remarked. “One thing is he’ll always let you know where he stands on something, so he doesn’t leave you guessing.” A recent article in the American Banker pointed out that the move would bring a conservative slant to the position, as opposed to Bair’s lean toward consumer advocacy.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.