A federal appeals court late on July 25 temporarily paused a lower court ruling preventing President Donald Trump from firing two of the three members of a financial regulator’s board.
The National Credit Union Administration (NCUA) insures deposits at federally insured credit unions.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit granted the government’s emergency motion to stay a July 22 ruling by U.S. District Judge Amir Ali of Washington.
Ali said Trump lacked legal authority to fire Senate-confirmed NCUA board members Todd Harper and Tanya Otsuka in April.
The judge ordered them reinstated to their positions, adding that the president may remove them from the agency board before their terms expire “only for cause.”…