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The Advocate Blog

CU Journal: White House To Nominate CU Advocate to Post that Oversees Fannie/Freddie

The White House announced this morning it plans to nominate 11-term Democratic Rep. Melvin Watt, a strong credit union supporter, to head the Federal Housing Finance Agency, which regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.

If confirmed by the Senate for the FHFA post, Watt,... More