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

sakabatou
(44,604 posts)pfitz59
(11,459 posts)Or some other nefarious action?
Eugene
(64,504 posts)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 nations 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 Citizens 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 cant 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.
Trumps firings of independent agency officials are contrary to Supreme Court precedent and unconstitutional, and we expect these firingsincluding at the NCUAto be struck down.
https://www.citizen.org/news/members-of-credit-union-watchdog-fired-by-white-house/
bucolic_frolic
(49,926 posts)Fer sure! Prob yippies there too!
Welcome to the unUSA
mdbl
(6,261 posts)not fooled
(6,226 posts)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)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.
Karadeniz
(24,234 posts)slightlv
(5,403 posts)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)Did I cover it all?