WASHINGTON — The Senate Banking Committee has scheduled its long-awaited hearing on lawyer and former financial institutions regulator Michael E. Fryzel's nomination as NCUA Board chairman for next Tuesday.
Fryzel, a former director of the Illinois Department of Financial Institutions, would serve on the board through 2013 though each president gets to choose his or her own chairman. He would succeed Chairman JoAnn Johnson, whose term expired last
August, but has stayed on pending the confirmation of a new chairman.
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