Omnibus Free of "Harmful Provisions" Says NAFCU SVP

“NAFCU commends lawmakers for advancing a funding package that is free of any harmful provisions that would place added burdens on credit unions. Our credit union members and diligent advocacy team were successful in keeping the Credit Card Competition Act as well as any provision to grant the NCUA with additional third-party vendor authority out of the package. This omnibus also gives CDFI funding a well-deserved boost and directs the Fund to listen to concerns of stakeholders, something NAFCU has pushed for consistently. While the NAFCU-backed SAFE Banking Act and Credit Union Board Modernization Act were not included, we will continue to work with lawmakers in the new Congress to pass legislation that is advantageous for credit unions and their 134 million members.”
​- NAFCU Senior Vice President of Government Affairs Greg Mesack

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