NCUA’s Harper to Get Official Biden Nomination to the Board
Chairman Todd Harper’s term expired in April.
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.
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.