Sen. Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, requested information from National Credit Union Administration Acting Inspector General Marta Erceg about reports that the agency operated without any active board members from Aug. 10 to Aug. 24, 2026. The inquiry focuses on whether the vacancy affected the NCUA’s supervision of the USD 2 trillion credit union system, enforcement of consumer protection and fair lending laws, and administration of deposit insurance. The letter follows Warren’s earlier request for an investigation into President Donald Trump’s dismissal of two NCUA board members in April, which left the board without a quorum. John Crews was confirmed to the board on Aug. 7 but was not sworn in until Aug. 24, while former Chairman Kyle Hauptman departed on Aug. 10. Warren requested responses by Oct. 21 on the vacancy’s impact on the agency’s ability to fulfill its statutory responsibilities.
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member seeks answers on reported NCUA board vacancy
Sen. Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, requested information on reports that the NCUA had no active board members from Aug. 10 to Aug. 24, 2026. She is seeking an assessment of the vacancy’s impact on supervision of the USD 2 trillion credit union system, consumer protection and deposit insurance, with responses requested by Oct. 21.