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

Banker op-ed: Durbin-Marshall credit card bill will hurt small businesses

Former Trump adviser warns against credit card interest rate cap

Newsbytes
November 7, 2025

A proposal to create a nationwide cap on credit card interest rates would hurt millions of Americans by cutting off access to credit, President Trump’s former campaign adviser Steve Moore said in a new report.

Trump to nominate Miran for Fed board seat

Fed’s Miran: Stablecoins pose little risk to bank deposits

Economy
November 7, 2025

Passage of a new regulatory framework for stablecoins likely won’t lead to a flood of bank customers pulling their money out of deposit accounts and into the digital currency, Federal Reserve Governor Stephen Miran said.

Fed financial stability report: Bank system remains resilient

Fed: Policy uncertainty, AI sentiment pose financial stability risks

Economy
November 7, 2025

Policy uncertainty remains a top risk to U.S. financial stability, with public sentiment about artificial intelligence emerging as another risk, according to the Federal Reserve’s most recent Financial Stability Report.

Consumer credit increased in March

Consumer credit increased in September

Economy
November 7, 2025

Consumer credit increased at a seasonally adjusted annual rate of 2.7% in September. Total outstanding credit increased to $5.0766 trillion during the month, up 0.3% from August’s revised total of $5.063.5 trillion.

ABA DataBank: Mortgage rate discounts not helping new home sales

ABA DataBank: Mortgage rate discounts not helping new home sales

Economy
November 7, 2025

Homebuilders continue to face weak demand despite offering attractive mortgage rates, indicating that lower interest rates alone won’t revive the housing market.

Consumer Sentiment declined in April

Preliminary: Consumer sentiment decreased 3.3 points in November

Economy
November 7, 2025

The University of Michigan Consumer Sentiment Index decreased 6.2% in November compared to the month prior, landing at 50.3, according to preliminary results for the month.

NEWSBYTES

Former Trump adviser warns against credit card interest rate cap

November 7, 2025

Fed’s Miran: Stablecoins pose little risk to bank deposits

November 7, 2025

Fed: Policy uncertainty, AI sentiment pose financial stability risks

November 7, 2025

SPONSORED CONTENT

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

November 1, 2025
5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025

PODCASTS

Podcast: The Erie Canal at 200

November 6, 2025

Podcast: Why branches are top priority for PNC

October 23, 2025

Podcast: From tractors to drones, how farming tech affects ag lending

October 16, 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.