Trump fires Democratic board members of the credit union watchdog [View all]

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."

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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