Hearing Set For NCUA Nominee

Credit Union Journal, The, June, 2008 by Ed Roberts, Washington Bureau Chief

After a five-month wait, NCUA nominee Michael Fryzel will finally get a hearing before the Senate Banking Committee this week, but observers continue to doubt whether the Republican appointee will ever be voted by the full Democratically controlled Senate.

“A hearing is not a vote,” said one credit union lobbyist, who did not want to be identified because he would be working with Fryzel if he is finally confirmed by the Senate.

“Unlikely,” is how another credit union lobbyist who covers Congress put it.

The lobbyists were mindful of the Democratic leadership in the Senate, which is loathe to approve any Republican nominations this close to the end of the Bush administration, as they hope a Democrat will win the White House and thus, nominate federal...

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