National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler today issued the following statement after the Senate passed its version of the 2019 National Defense Authorization Act:
“We are pleased to see the NDAA bill advance without a provision that would have granted banks an unfair competitive advantage by allowing them to sidestep the regulatory requirements that credit unions are subjected to when serving members of our armed forces on military bases. We are confident credit unions will continue to provide exemplary service to America’s men and women in uniform,” said Brad Thaler, Vice President of Legislative Affairs at NAFCU.