Harper sworn in as NCUA board member

HarperTodd M. Harper was officially sworn in yesterday as a member of the NCUA’s board of directors. NCUA Board Member J. Mark McWatters delivered the oath to Harper at the agency’s Alexandria, Virginia central office. Harper, a Democrat, replaced outgoing board member Rick Metsger, whose term expired in August 2017.

He will join McWatters and newly appointed Chairman Rodney Hood, both Republicans, on the three-member board.

During his tenure, Harper plans to focus on the issues of capital, liquidity and cybersecurity. He will also prioritize the agency’s consumer protection duties and access to affordable credit for the unbanked and underserved.

“By law, the mission of the credit union system is to promote thrift and serve people of modest means,” said Harper. “That’s why I am deeply committed to increasing access to financial services for all. By providing access to affordable credit, as the Federal Credit Union Act requires, we can also expand our economy, create jobs, and protect American consumers from predatory lending practices. I will focus intently on these issues.”

As previously reported, President Donald Trump nominated Harper for the NCUA board on Feb. 6. The Senate Banking Committee held its confirmation hearing Feb. 14 and unanimously approved Harper’s nomination on Feb. 26. He was confirmed by the Senate on March 14.

Harper has specialized in financial services policy over his two decades in government service. From 2011 to 2017, he led NCUA’s Office of Public and Congressional Affairs and served as the chief policy advisor to the chairman at the agency. He also served as a senior aide to Rep. Paul Kanjorski, a Democrat from Pennsylvania who was one of the co-champions of the Credit Union Membership Access Act of 1998.

As legislative director to Kanjorski, Harper also worked on bipartisan legislation concerning credit union capital rules, terrorism risk insurance, auditing standards and subprime mortgage lending.

“On behalf of the New York credit union movement, I congratulate Todd Harper on being sworn in as an NCUA board member,” said Association President/CEO William J. Mellin. “Todd Harper has an extensive background working in the credit union movement and has shown an ability to work in a bipartisan manner. I look forward to building on our strong relationship with Todd Harper and the rest of the NCUA board.”

Harper’s term will expire on Aug. 2, 2023.

Leave a Reply