Sen. Mike Crapo (R-Idaho) calls for a vote during Wednesday's Senate Banking Committee nomination hearing.
Kyle Hauptman's nomination to the NCUA Board was confirmed by the Senate Banking Committee on Wednesday.
In a voice vote, members of the Senate Banking Committee, during an executive session, approved Hauptman's nomination by President Trump. The nomination is headed to the full Senate for a final vote.
Trump nominated Hauptman on June 15 to replace board member J. Mark McWatters, whose term expired last August.
During Wednesday's nine-minute hearing, Committee Chairman Sen. Mike Crapo (R-Idaho) quickly indicated his full support of Hauptman and the other two nominees for the Securities and Exchange Commission.
Sen. Sherrod Brown (D-Ohio) briefly raised his concerns about Hauptman's ability to serve on the NCUA Board. "I'm concerned about his experience, or lack of experiences and qualifications, or lack of qualifications of being one of the top regulators of credit unions in this country," Brown said.
Hauptman currently serves as Sen. Tom Cotton's (R-Ark.) economic advisor as well as the Staff director of the Senate Banking Committee's Subcommittee on Economic Policy.
According to a statement from White House officials, prior to joining Sen. Cotton's office, Hauptman worked on the 2016 Presidential Transition Team, and served on the United States Securities and Exchange Commission's Advisory Committee for Small and Emerging Companies from 2015-2016.
If confirmed by the full Senate, Hauptman's term on the NCUA Board would expire in August 2024.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
