NAFCU flags opportunities as House committee explores COVID-19 response

by NAFCU Newsroom

Ahead of today’s House Financial Services Committee hearing to discuss the response to the coronavirus pandemic and ensure consumers have the resources and relief needed to recover from inflicted financial difficulties, NAFCU’s Brad Thaler highlighted tools and flexibility that will allow credit unions to better support members and communities.

Thaler, NAFCU’s vice president of legislative affairs, highlighted ways in which credit unions have stepped up to help members impacted by the pandemic and outlined measures to be included in the next coronavirus relief package to support these efforts, including related to:

  • capital flexibility under the Federal Credit Union (FCU) Act similar to what banks were provided in the CARES Act;
  • additional investment authorities for federal credit unions;

 

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