WASHINGTON—The Senate Banking Committee plans to hold a nomination hearing Oct. 19 that will include NCUA board nominee Tanya Otsuka.
As CUToday.info reported, Otsuka was nominated in September by President Joe Biden to replace current Board Member Rodney Hood, whose term expired in August.
Otsuka is currently the senior counsel for staff of the Senate Banking Committee, led by Chairman Sherrod Brown (D-OH). Otsuka previously worked with the FDIC as a staff attorney and counsel.
Hood has indicated he will serve until President Biden’s nominee to replace him is confirmed.
The hearing is scheduled to begin at 10 a.m. ET on Oct. 19.
Former Chief of Staff to Join FHLB-Dallas
Separately, H. Lenwood Brooks, the chief of staff to NCUA Board Member Rodney Hood, is exiting the agency to join the Federal Home Loan Bank of Dallas, where he will spearhead the bank’s government and industry relations functions.
Hood’s term has expired and he is awaiting confirmation of board nominee Tanya Otsuka prior to exiting the board.
‘Pivotal Moment’
“Lenwood joined the NCUA at a pivotal moment in May 2019 and quickly became a linchpin of my leadership team,” said Hood. “His expertise in executive leadership, management, and public affairs, paired with his unparalleled ability to lead our dedicated NCUA career staff, proved crucial, especially at the onset of the pandemic. Lenwood’s role as my chief of staff during that challenging period was pivotal in navigating the unprecedented challenges we faced.
“Throughout my tenure as NCUA’s eleventh chairman and currently as a board member, Lenwood has been a driving force,” Hood continued. “Due to the constraints that prevent direct negotiation with my fellow NCUA Board colleagues outside of official agency board meetings, the onus largely falls on our board advisors to find consensus and advance the agency’s agenda. Lenwood’s exceptional tenacity was particularly evident in the progress of many initiatives, including the financial innovation final rule, which the NCUA Board unanimously approved last month.
‘Testament to Dedication’
“Many of my accomplishments are a testament to Lenwood’s dedication, strategic approach, and tireless work. Whether fostering dialogues, building consensus, or ensuring our initiatives align with NCUA’s broader mission, Lenwood consistently delivered. As Lenwood transitions into his next role, I am confident that he will continue to champion the values and work ethic that made him such a valued member of my team.”
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