NCUA Board nominee Otsuka slated to testify Oct. 19

The president’s nominee to a six-year term on the National Credit Union Administration (NCUA) Board is slated to testify before the Senate Banking Committee Oct. 19, according to the committee’s website.

Tanya Otsuka, nominated Sept. 21 by President Joe Biden (D), would succeed NCUA Board Member Rodney Hood, whose term expired this August (but who may continue to serve until a successor is confirmed). If she is confirmed by the full Senate, Otsuka would have an NCUA Board term lasting through Aug. 2, 2029.

Otsuka, the White House has noted, has more than a decade of experience in financial regulation and supervision. It said she is currently senior counsel for the majority staff of the Senate Banking Committee, where she has handled the committee’s work on banking and credit union issues since March 2020; and that she also served on the committee staff in 2019 through the Government Affairs Institute at Georgetown University’s Capitol Hill Fellowship Program, on detail from the Federal Deposit Insurance Corporation (FDIC). Otsuka has previously served as an FDIC staff attorney and counsel, having begun her career at the federal bank deposit insurer as a law clerk in 2010 and an Honors Attorney in 2011, the White Houses said.

Others slated to testify Oct. 19 include, among others, the president’s nominees to serve on the Securities and Exchange Commission, the board of the Export-Import Bank, and as inspector general for the Federal Deposit Insurance Corp. (FDIC). The nomination hearing is scheduled for 10 a.m. Eastern.

Nomination hearing Oct. 19