The White House, Washington, D.C. (Source: Shutterstock)
The White House announced on Friday that President Joe Biden intends to nominate NCUA Chairman Todd Harper to a full term on the agency's board.
Harper, who joined the NCUA board in 2019, replaced Board Member Rodney Hood as chair once President Biden took office in January. Hood led the agency during the Trump Administration after he was nominated to lead the NCUA by the former president.
Harper's term expired in April of this year.
Todd Harper (Source: NCUA) During last week's testimony in front of the Senate Banking Committee, Harper urged Congress to give the NCUA enforcement authority over third-party vendors, allow the NCUA board to proactively manage the Share Insurance Fund and to provide the agency with emergency liquidity through the Central Liquidity Facility.
During the hearing, some lawmakers pointed out that the Biden Administration had yet to nominate Harper and that he was functioning in an interim capacity. Once officially nominated, the Senate will vote to approve or deny Harper's position on the board.
Along with announcing the intent to nominate Harper, the White House also announced its intent to nominate nine others to financial-related positions at different federal agencies.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
