A new title has been bestowed on the newest member of the three-member board for the federal credit union regulator, who is now “vice chairman,” according to a release from the agency on Friday.
Kyle S. Hauptman, who was confirmed by the Senate to a seat on the National Credit Union Administration (NCUA) Board on Dec. 2 – and who joined his first two meetings of the board on Dec. 17 and 18 – was, late in the day on Dec. 18, tapped vice chairman of the panel. The title is largely honorific:
The title is largely honorific: other than sitting in for the board chairman in that individual’s absence, and taking a role in some appeals for Freedom of Information Act (FOIA) request decisions (under part 792.28 of agency regulations), there are few specific duties, responsibilities or benefits attached to it, other than those assigned by NCUA Board Chairman Rodney Hood.
Both Hauptman and Hood are Republican appointees to the board.
Sworn into office Dec. 14, Hauptman lists no prior service with credit unions or financial institution regulation. According to NCUA, he has served as a Senate aide, a member of President Donald Trump’s transition team in 2016 (who also nominated Hauptman for the credit union regulator board position last summer) and as an of various investment companies.
Hauptman also lists his service as a voting member on the U.S. Securities and Exchange Commission Advisory Committee on Small and Emerging Companies from 2016–2017. The “Final Report of the Securities and Exchange Commission Advisory Committee on Small and Emerging Companies,” dated Sept. 21, 2017 (which also notes that the group’s term expired on Sept. 24, 2017) shows Hauptman as a member of the committee from 2015-17. However, Hauptman’s name does not appear on the list of “current members of the advisory committee” when the report was published in late September, 2017.