ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Legal

Federal court reinstates fired NCUA board members

July 23, 2025
Reading Time: 1 min read
Trump removes Harper, Otsuka from NCUA board

A federal court yesterday ruled that the firings of two former National Credit Union Administration board members by President Trump were unlawful and therefore both individuals can remain on the board. The Department of Justice filed notice today that it plans to appeal the ruling.

In May, Trump removed Democrats Todd Harper and Tanya Otsuka from the NCUA board despite both having several years left in their terms. Their removal from the three-person board left Chairman Kyle Hauptman the sole member. The two officials decried the decision at the time, saying the president’s actions eroded the independence of the agency, and sued in U.S. District Court for D.C. to keep their positions.

District Judge Amir Ali sided with the plaintiffs, ruling that Congress set the conditions under which NCUA board members could be removed and that Trump did not meet those conditions. Ali also enjoined the Trump administration from impeding Harper and Otsuka from being able to do their work as board members.

The case also touched on whether Trump could fire members of the Federal Reserve board, which is also independent. The administration argued in court filings that it does not have a formal position on that subject. “The overlap in powers wielded by the NCUA board and the Federal Reserve, and their common role as financial regulators, supports the conclusion that Congress can insulate NCUA board members from at-will removal,” Ali wrote.

ShareTweetPin

Related Posts

ABA-backed bill to ban abusive trigger leads signed into law

ABA-backed bill to ban abusive trigger leads signed into law

Mortgage
September 5, 2025

President Trump signed into law a bill prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitations.

ABA urges FinCEN to reevaluate BOI collection burden on banks

FinCEN, banking agencies issue guidance on cross-border information sharing

Compliance and Risk
September 5, 2025

FinCEN and U.S. banking agencies released guidance for financial institutions on how to share financial information with their counterparts in other countries without running afoul of the Bank Secrecy Act.

U.S. international trade deficit decreased in March

ABA DataBank: Trade policy weighs on shipping rates

Economy
September 5, 2025

China–U.S. West Coast spot rates are down 68% from June, signaling an earlier, truncated peak season. Importers are pulling back amid tariff whiplash and softer demand.

New York Fed: More people searching for jobs

U.S. adds 22,000 jobs in August

Economy
September 5, 2025

The U.S. economy added 22,000 nonfarm jobs in August, the Labor Department said. The unemployment rate was little changed at 4.3%.

Mortgage rates fall

Mortgage rates fall

Economy
September 4, 2025

The rate for a 30-year fixed-rate mortgage was 6.5% this week. The rate for a 15-year fixed-rate mortgage was 5.6%.

ABA DataBank: Tariff mentions on the rise

U.S. trade deficit widened in July

Economy
September 4, 2025

The U.S. trade deficit was $78.3 billion in July, up $19.2 billion from $59.1 billion in June, the Commerce Department said.

NEWSBYTES

ABA-backed bill to ban abusive trigger leads signed into law

September 5, 2025

FinCEN, banking agencies issue guidance on cross-border information sharing

September 5, 2025

ABA DataBank: Trade policy weighs on shipping rates

September 5, 2025

SPONSORED CONTENT

The Connectivity Dividend

The Connectivity Dividend

September 1, 2025

Building Trust with Every Transaction

September 1, 2025
10 Essentials of a New Loan Origination System

10 Essentials of a New Loan Origination System

August 29, 2025
Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

August 1, 2025

PODCASTS

Demographic trends shaping the U.S. banking outlook

July 30, 2025

Podcast: How institutional banking helps build one regional bank’s strategy

July 24, 2025

The future of careers in risk and compliance

July 17, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.