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Eugene

(64,504 posts)
Wed Apr 16, 2025, 04:31 PM Apr 16

Trump fires Democratic board members of the credit union watchdog

Source: Reuters

April 16 (Reuters) - The White House has fired two Democratic board members of the National Credit Union Administration, the officials said on Wednesday, as President Donald Trump expanded efforts to influence independent regulatory agencies.

Todd Harper and Tanya Otsuka, who both served on the NCUA's board, said in separate statements that they had been removed by Trump. The removals leave the agency, which supervises the nation's $2.3 trillion credit union sector, with just one board member, Republican Chairman Kyle Hauptman.

"This ill-conceived and politically motivated decision to fire me before the end of my term upsets that important regulatory balance and will harm consumers," Harper said in a statement posted on LinkedIn.

Otsuka said in a separate statement that she was informed via email on Tuesday evening that she was immediately terminated, calling it "yet another attempt to undermine the rule of law and blatantly ignore Congress and our democratic values."

-snip-

By Pete Schroeder
April 16, 2025 12:21 PM EDT Updated 4 hours ago


Read more: https://www.yahoo.com/news/trump-fires-democratic-board-members-155600928.html



Alternate link: https://www.yahoo.com/news/trump-fires-democratic-board-members-155600928.html
11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump fires Democratic board members of the credit union watchdog (Original Post) Eugene Apr 16 OP
Definite retaliation sakabatou Apr 16 #1
Will DOGE be invited in the scrub their servers? pfitz59 Apr 16 #2
Members of Credit Union Watchdog Fired by White House Eugene Apr 16 #3
Credit Union oversight! Hotbed of fringe libb'rul skullduggery and Marxist radicalism! bucolic_frolic Apr 16 #4
Fascism Iamscrewed Apr 16 #5
Thanks again dumbshit trump voters! mdbl Apr 16 #6
It's MAGA-intensive where I live not fooled Apr 16 #7
I am in the same situation mdbl Apr 16 #9
Illegal...hope a lawsuit is coming... Karadeniz Apr 16 #8
So, let me get this straight. slightlv Apr 16 #10
Crazier than Canute, meaner than Louis, and more perverted than Caligula. ananda Apr 16 #11

Eugene

(64,504 posts)
3. Members of Credit Union Watchdog Fired by White House
Wed Apr 16, 2025, 04:35 PM
Apr 16

Source: Public Citizen

April 16, 2025

Members of Credit Union Watchdog Fired by White House

WASHINGTON — Two board members of the National Credit Union Administration (NCUA), Todd Harper and Tanya Otsuka, were fired late yesterday by the White House. The NCUA, an independent regulatory agency, oversees credit unions across the country, insuring deposits up to $250,000. The agency is responsible for the safety and soundness of the nation’s credit union system, which provides banking services for over 140 million Americans. President Trump appointed Harper in his first term; President Biden named him chairman of the NCUA in 2021, and the Senate confirmed his appointment for a term set to end in 2027. Otsuka was nominated by President Biden and confirmed by the Senate in 2023 for a term ending in 2029. The firings today are the latest in a series of firings of commissioners in independent agencies, some of which are being actively litigated in courts.

n response, Mekedas Belayneh, policy advocate with Public Citizen’s Climate Program, issued the following statement:

“In yet another illegal and unconstitutional blow to financial safeguards and democratic norms, the White House has fired Democratic board members Tanya Otsuka and Todd Harper from the NCUA. This move aims to strip critical protections from consumers and community lenders. Credit unions crucial to building climate resilience in local communities and on the frontlines of climate disasters can’t simply pack up and pivot like Wall Street giants. If Trump were to succeed with this unconstitutional gambit, it would mean fewer protections, greater financial instability, and a system increasingly rigged against consumers facing growing financial risks from climate disasters.

“Trump’s firings of independent agency officials are contrary to Supreme Court precedent and unconstitutional, and we expect these firings—including at the NCUA—to be struck down.”

https://www.citizen.org/news/members-of-credit-union-watchdog-fired-by-white-house/

bucolic_frolic

(49,926 posts)
4. Credit Union oversight! Hotbed of fringe libb'rul skullduggery and Marxist radicalism!
Wed Apr 16, 2025, 04:35 PM
Apr 16

Fer sure! Prob yippies there too!

not fooled

(6,226 posts)
7. It's MAGA-intensive where I live
Wed Apr 16, 2025, 05:02 PM
Apr 16

I can't stand to talk to them nowadays. Some I have to, including people I'm hiring to do work on my house and yard (no other options). The way to make it feasible for me is to remember that they are so ignorant and misinformed that they didn't realize what was going to happen (and many if not most are still unaware of the consequences).

mdbl

(6,261 posts)
9. I am in the same situation
Wed Apr 16, 2025, 08:57 PM
Apr 16

I am trying to stay away from them as much as possible to avoid fights. People in a cult have no sensibility so it's not even worth trying.

slightlv

(5,403 posts)
10. So, let me get this straight.
Wed Apr 16, 2025, 09:36 PM
Apr 16

He's destroying all of the entire government of the country.
He's demanding that his edicts be followed by independent organizations and NAFs.
He's killing education, including threatening independent school jurisdictions if they don't follow his threats.
He's killing Wall Street and it's investors with his constant "pump and dump" schemes.
He's firing people he has no responsibility towards in private or semi-private organizations.

The next step will be a set of rules all businesses of any type will have to follow... let me guess
No hiring anyone other than white male christians
All women fired.
All POC fired.
No mention of racism or discrimination or bad mouthing the king on pain of death (literal or figurative).
Workplace areas can boast all kinds of christian fetishes, but no other religion on pain of incarceration or worse.
Everyone who has or is given a job must prove they're following their "appropriate" gender, with women sent home.

What did I forget?

ananda

(31,524 posts)
11. Crazier than Canute, meaner than Louis, and more perverted than Caligula.
Wed Apr 16, 2025, 11:17 PM
Apr 16

Did I cover it all?

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