Dismissed National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka filed a response late Monday to the stay that now keeps them both off the board until the appeals process concludes.
Harper and Otsuka are seeking to be reinstated quickly with a request for the Appeals Court to make an expedited ruling. Their response states that a quorum of board members is needed to perform the NCUA’s statutory duties and also suggests that the NCUA is under a time crunch to perform its duties — citing the need to extend the interest rate ceiling before 2026.
This is the latest update following the administration’s appeal of the lower court’s ruling that President Donald Trump’s dismissal of Harper and Otsuka was unlawful and counter to Congressional intent. The Appeals Court granted the administration’s emergency administrative stay, which keeps Harper and Otsuka off the board. They will remain off the board, subject to a superseding ruling by the Appeals Court after it considers the emergency motion for stay and subsequent party responses pending appeal.
A reply from the administration is due August 11. America’s Credit Unions consistently supports a full, bipartisan, three-member NCUA board to lead the independent agency and will closely monitor the appellate proceedings.
For context, see Appeals Court Stays Reinstatement of Dismissed NCUA Board Members.
In the meantime, the California Credit Union League, Nevada’s Credit Unions, and America’s Credit Unions remain actively engaged with NCUA leadership to ensure the agency continues to support credit unions and can facilitate the financial success of the members they serve.
For more information, email Lisa Quaranta.
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Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
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For more information, email Lisa Quaranta.
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