Hood to testify before Senate Banking Committee next week

by NAFCU Newsroom

The Senate Banking Committee is holding a hearing next week with NCUA Chairman Rodney Hood slated to testify. The hearing will focus on regulators’ efforts to provide financial institutions with relief and resources amid the coronavirus pandemic.

A livestream of the virtual hearing will be available on the committee’s website. In addition to Hood, representatives from the Federal Reserve, Office of the Comptroller of the Currency, and FDIC will testify. The hearing is set to begin at 10 a.m. Eastern Tuesday.

Throughout the pandemic, NAFCU has worked closely with the NCUA, Congress, administration and other agencies to ensure credit unions’ concerns are addressed and the industry is fully equipped to meet members’ needs. The NCUA has taken several steps to address credit unions’ concerns; access all its coronavirus-related guidance here.

Of note, NAFCU has consistently sought:

 

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