WASHINGTON — While Michael Fryzel is finally going to get a confirmation hearing for his nomination as NCUA Board chairman, partisan election-year partisan politics could prevent him from actually getting on the board.
The Senate Banking Committee is scheduled to have a hearing on Fryzel and other nominees for financial policy and regulatory posts on Tuesday. Moving the confirmation out of the committee and to a vote will depend on matters unrelated to his qualifications.
"There's a natural reluctance to fill slots at the end of a president's term," said a lobbyist with close ties to the credit union industry. "It will boil down to whether there can be a deal between the two parties."
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