WASHINGTON—President Donald Trump has fired NCUA Board Member Todd Harper. Sources also informed CUToday.info that fellow Democrat Board Member Tanya Otsuka has been removed by the White House, as well. Only the President can remove a sitting member of a federal agency board. Also, under the Federal Credit Union Act, without at least two members on the board, the NCUA is unable to implement any new action, but the agency can still perform its supervisory and examination duties. The decision by the White House Wednesday, sources stated, could be a strong signal the Trump Administration is moving to consolidate federal regulators. Washington CU advocate John McKechnie told CUToday.info the credit union industry now has to start playing chess. "And begin thinking about possible scenarios regarding regulatory consolidation. It's fair to say that literally everything is on the table," McKechnie said." Harper Comments In a statement, Harper, who preceded Kyle Hauptman a...
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