WASHINGTON — During his Thursday confirmation hearing before the Senate Banking Committee, NCUA Board nominee Richard Metsger dodged what might have been his most controversial question: is raising the member business lending cap a good idea?
The former Oregon state senator responded to the question from Rhode Island Democratic Sen. Jack Reed by saying, "I think it's a good idea to recognize the purview of Congress to make such decisions.
Metsger was nominated to fill the NCUA Board position vacated by Gigi Hyland, who exited the board in October 2012 after serving beyond her term's expiration. Following the confirmation hearing, Metsger must receive a majority vote by the full Senate before he is sworn in.
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