President Donald Trump has appointed J. Mark McWatters as acting chairman of the NCUA, according to a statement from the NCUA.
McWatters, a Republican, replaces Rick Metsger, a Democrat who remains on the board. The president has the power to select a chairman and it had been widely speculated that Trump would select McWatters, since currently there are only two members on the three-member NCUA board.
The chairman designation does not require Senate confirmation.
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