NCUA announces sole board member following two terminations

On April 18, the NCUA confirmed that President Trump terminated the positions of two NCUA board members, Todd Harper and Tanya Otsuka, leaving the agency with a single board member: Chairman Kyle S. Hauptman. The NCUA assured employees and the credit union industry that this decision was not without precedent, referencing a similar situation during the Bush Administration during which Chairman Dennis Dollar was the sole NCUA board member for a period from 2001-2002....
By: Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP