NAFCU-sought bill on underserved areas introduced

first_imgReps. Gwen Moore, D-Wis., and Paul Cook, R-Calif., on Thursday introduced a NAFCU-sought bill that would allow credit unions of all charter types to add underserved areas to their fields of membership.“We appreciate Representatives Moore and Cook’s efforts to remove barriers that limit consumers’ access to the financial services that they need,” said NAFCU President and CEO Dan Berger. “NAFCU is pleased to see this long-overdue move to allow credit unions to serve those consumers who need their services the most.”Moore, a member of the House Financial Services Committee, announced her support for the bill during NAFCU’s Congressional Caucus in September.Currently, only credit unions with multiple-group charters are able to add underserved areas to their fields of membership. This bill, the “Financial Services for the Underserved Act,” would allow other types of credit unions to seek the NCUA Board’s approval to add such areas. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img

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