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Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee and U.S. Senator Elizabeth Warren (D-MA), Ranking Member on the Senate Banking, Housing and Urban Affairs Committee, wrote to the National Credit Union Administration (NCUA) Inspector General calling for an investigation into the Board’s operation after President Trump illegally fired two out of the three members of the agency’s board. 

“These firings are part of the President’s concerning attempts to skirt the rule of law, undermine independent agencies, and illegally purge the government of those who work for the American people. The President’s actions threaten to paralyze the Board, create unnecessary legal risk for the agency, and harm the stability of our nation’s credit union system,” wrote the lawmakers.

The lawmakers continued: “In light of President Trump’s decision to fire two of the three Board Members without cause, we write to request information regarding the ability of the NCUA Board, and by extension the agency, to fulfill its mission with only one Board member. Specifically, we ask your office to investigate the NCUA’s Chairman’s authority to continue full agency operations with only one Board member.”

The two fired board members, Todd Harper and Tanya Otsuka, have filed a lawsuit against the Administration following their firings.

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