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Todd M. Harper
Chairman of the National Credit Union Administration
Incumbent
Assumed office
April 8, 2019
PresidentDonald J. Trump, Joseph R. Biden
Preceded byRodney E. Hood
Personal details
Political partyDemocratic
Domestic partnerTom Beers
Residence(s)Arlington, VA
EducationIndiana University (BS) Harvard Kennedy School (MPP)
WebsiteNCUA Biography

Todd M. Harper is the twelfth Chairman of the National Credit Union Administration (NCUA).[1] Harper was nominated by President Donald J. Trump in 2019 and was designated Chairman by President Joseph R. Biden on January 20, 2021.[2][3][4]

In mid-2021, President Biden renominated, and the U.S. Senate reconfirmed Chairman Harper for another term on the NCUA Board expiring on April 10, 2027.[5][6][7][8][9]

As NCUA Board Chairman, Harper serves as a voting member of the Financial Stability Oversight Council (FSOC) and represents the NCUA on the Federal Financial Institutions Examination Council (FFIEC) and the Financial and Banking Information Infrastructure Committee (FBIIC) under the President's Working Group on Financial Markets.[10][11][12]

Education

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Harper received his undergraduate degree in business analysis from Indiana University's Kelley School of Business, and a graduate degree in public policy from Harvard University's Kennedy School of Government in 1996.[1]

Career

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U.S. House of Representatives

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Harper served in various capacities for the Honorable Rep. Paul E. Kanjorski (D-PA), including as legislative director and senior legislative assistant. Harper also served as staff director for the U.S. House Financial Services Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises.

In these roles, Harper contributed to major financial services law, from the enactment of the Gramm-Leach-Bliley Financial Services Modernization Act in 1999 through the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.[13]

During the Great Recession, Harper coordinated the first congressional hearing to explore the creation of a Temporary Corporate Credit Union Stabilization Fund.[14] He also spearheaded staff efforts in the U.S. House of Representatives to secure enactment of a law to lower the costs of managing both the NCUA Corporate Stabilization Fund and the National Credit Union Share Insurance Fund.[13]

Harper led staff negotiations over several sections of the Dodd-Frank Act, including the Kanjorski amendment to empower regulators to preemptively rein in and break up "too-big-to-fail" institutions and proposals to enhance the powers of the Securities and Exchange Commission.[15] He also developed the legislative framework that created the Federal Insurance Office (FIO) within the U.S. Department of the Treasury to monitor domestic and international insurance issues.[16]

National Credit Union Administration

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Harper was the Director of Public and Congressional Affairs and served as Chief Policy Advisor for the former NCUA Chairwoman Debbie Matz (2011 to 2016) and Chairman Rick Metsger (2016 to 2017).[17]

On February 1, 2019, President Donald J. Trump announced his intent to nominate Harper to the NCUA Board, and his formal nomination occurred February 6, 2019.[2] The Senate Banking Committee held its confirmation hearing on February 14, 2019, and unanimously approved Harper's nomination on February 26, 2019.[18][19] The Senate confirmed him by voice vote on March 14, 2019.[20] Harper took the oath of office on April, 8, 2019.[21]

On January 20, 2021, President Joseph R. Biden designated Harper as NCUA Chairman.[4] Harper succeeded Rodney E. Hood.

On August 6, 2021, President Biden announced his intent to nominate Harper to a six-year term on the NCUA Board.[5] The Senate confirmed his nomination by a 59 to 40 vote on June 6, 2022.[22] His term runs through April 10, 2027.[6][7][8][9][23]

U.S. Senator Sherrod C. Brown (D-OH), Chairman of the U.S. Senate Commitee on Banking, Housing, and Urban Affairs at the time, released the following statement after the Senate confirmed Todd Harper for Chairman of the NCUA, "I applaud the confirmation of Todd Harper for Chairman of the National Credit Union Administration," Brown said. "Mr. Harper understands the vital role that credit unions play in local communities – especially rural and underserved communities – and I know he will work collaboratively as Chairman to ensure that our credit union system is safe, sound, and works for all its members."[24]

Federal Financial Institutions Examination Council

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In April 2021, Harper became Chairman of the Federal Financial Institutions Examination Council (FFEIC).[25] He served as Chairman of FFEIC from April 1, 2021, to March 31, 2023. He remains on FFEIC representing the NCUA.[12]

References

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  1. ^ a b "The Honorable Todd M. Harper". National Credit Union Administration. Retrieved November 18, 2024.
  2. ^ a b Passman, Aaron (February 1, 2019). "Trump nominates Todd Harper to NCUA board". American Banker. Retrieved November 18, 2024.
  3. ^ "NCUA Board Chairman McWatters Congratulates Todd Harper on Board Nomination". National Credit Union Administration. February 2, 2019. Retrieved November 18, 2024.
  4. ^ a b Passman, Aaron (January 25, 2021). "White House elevates Todd Harper to NCUA chairman". American Banker. Retrieved November 18, 2024.
  5. ^ a b "NCUA Chairman Harper nominated for full term by President Biden". National Association of Federally-Insured Credit Unions. August 9, 2021. Retrieved November 18, 2024.
  6. ^ a b "Senate Confirms Harper to Full Term on the NCUA Board". National Credit Union Administration. June 8, 2022. Retrieved November 18, 2024.
  7. ^ a b Ogden, Michael (June 8, 2022). "NCUA's Todd Harper Confirmed to Full Term by Senate". Credit Union Times. Retrieved November 18, 2024.
  8. ^ a b Baumann, David (June 8, 2022). "Senate Confirms Harper for Full Term on NCUA Board". CUCollaborate. Retrieved November 18, 2024.
  9. ^ a b "Senate Confirms Harper to Full Term on the NCUA Board". NASCUS. June 9, 2022. Retrieved November 18, 2024.
  10. ^ "Council Members". U.S. Department of the Treasury. Retrieved November 18, 2024.
  11. ^ "Financial Stability Oversight Council". Ballotpedia. Retrieved November 18, 2024.
  12. ^ a b "Members of the FFIEC". Federal Financial Institutions Examination Council. Retrieved November 18, 2024.
  13. ^ a b "Statement of Todd M. Harper Nominee for the Board of the National Credit Union Administration Nominations Hearing before the Senate Committee on Banking, Housing and Urban Affairs" (PDF). U.S. Senate Committee on Banking. February 14, 2019. Retrieved November 18, 2024.
  14. ^ Young, Lindsay (May 21, 2009). "Committee hears testimony on credit union stabilization bill". Law Business Research. Retrieved November 18, 2024.
  15. ^ Johnson, Simon (June 18, 2010). "Fix The Dodd Bill -- Use The Kanjorski Amendment". HuffPost. Retrieved November 18, 2024.
  16. ^ "Federal Insurance Office". U.S. Department of the Treasury. Retrieved November 18, 2024.
  17. ^ "Todd Harper to direct NCUA PACA". National Association of Federally-Insured Credit Unions. February 8, 2011. Retrieved November 18, 2024.
  18. ^ "Nominations of Bimal Patel, Todd M. Harper, Rodney Hood, and Mark Anthony Calabria". U.S. Congress. February 14, 2019. Retrieved November 18, 2024.
  19. ^ "Banking, Housing and Urban Affairs: Hearings to examine the nominations of Bimal Patel, of Georgia, to be an Assistant Secretary of the Treasury, Todd M. Harper, of Virginia, and Rodney Hood, of North Carolina, both to be a Member of the National Credit Union Administration Board, and Mark Anthony Calabria, of Virginia, to be Director of the Federal Housing Finance Agency". C-SPAN. February 14, 2019. Retrieved November 18, 2024.
  20. ^ "PN364 — Todd M. Harper — National Credit Union Administration". U.S. Congress.
  21. ^ "Harper Sworn in as NCUA Board Member". National Credit Union Administration. April 8, 2019. Retrieved November 18, 2024.
  22. ^ "Roll Call Vote 117th Congress - 2nd Session". U.S. Senate. June 8, 2022. Retrieved November 18, 2024.
  23. ^ "PN1525 — Todd M. Harper — National Credit Union Administration". U.S. Congress. Retrieved November 18, 2024.
  24. ^ "Brown Applauds the Confirmation of Todd Harper for NCUA Chairman". U.S. Senate Committee on Banking. June 8, 2022. Retrieved November 18, 2024.
  25. ^ "Todd M. Harper Named FFIEC Chairman". Federal Financial Institutions Examination Council. April 1, 2022. Retrieved November 18, 2024.
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