As the Senate works on coronavirus emergency funding packages, NAFCU joined with other financial trade groups Tuesday to keep lawmakers informed of how credit unions and other financial institutions are stepping up to support consumers during the coronavirus pandemic.
“As this virus spreads, banks and credit unions will continue to get a better sense of the needs of their customers, members and communities,” the trades wrote. “While some states thus far have been more impacted than others by the virus, this is a situation that is changing quickly. It is important that regulatory agencies continue to work closely with banks and credit unions to assist borrowers.
“We are pleased that agencies have been proactive and responsive to bank and credit union efforts to work with customers and members, and it is reassuring that the regulators will support the good judgment of lenders as they prudently work with borrowers.”
continue reading »