Overview

• President Trump has fired Todd Harper and Tanya Otsuka, the two Democratic members of the National Credit Union Administration (NCUA) board.
• The NCUA board now consists solely of Republican Chairman Kyle Hauptman, disrupting the regulatory balance of the agency overseeing $2.3 trillion in assets.
• Harper and Otsuka criticized the firings as politically motivated actions that undermine the rule of law and harm regulatory stability.
• The White House defended the decision, citing the president's executive authority to remove officials from independent regulatory agencies.
• The firings are part of a broader effort by Trump to reshape independent regulatory bodies, mirroring similar actions at the FTC and federal labor boards.