Regulatory & Compliance

Nearly a week after Board Members Harper and Otsuka were fired, the Chair has remained silent.

The agency says it can perform all required duties with one Board member.

Statement comes from the NCUA as Chairman Hauptman has yet to speak on the firings and changes at the agency.

Elizabeth Ergubian, partner at Atlas Advocacy and former Director of External Affairs and Communications Policy Advisor for the NCUA, sheds light on what the abrupt removal of NCUA Board Members Todd Harper and Tanya Otsuka means for the agency and credit union industry.

The leader of America’s Credit Unions hopes the NCUA can provide some clarity on the agency’s future.

A years-old report from Filene Research Institute warns a single financial regulator could risk diluting the specialized oversight credit unions get from the NCUA.