Hood, who is a corporate responsibility manager for JPMorgan Chase and Co., served as Vice Chairman on the NCUA board during George W. Bush’s administration. He also served as the associate administrator of the Rural Housing Service at the Department of Agriculture.
Dan Berger, President and Chief Executive Officer of the National Association of Federally-Insured Credit Unions, welcomed the nomination.
“During his previous stint on the board, Hood did work to reduce credit unions' regulatory burden, we hope to see that continue,” Berger said.
The White House also formally announced its nomination of Kathy Kraninger
, the Associate Director for General Government at the Office of Management and Budget (OMB), to be the next Director of the Consumer Financial Protection Bureau (CFPB). A White House spokesperson previewed the nomination on Saturday, but no official announcement was put forth until this afternoon.