The House Financial Services Committee is discussing legislation that would give the National Credit Union Administration greater flexibility in setting loan maturity limits under the Federal Credit Union Act.
Reps. Lee Zeldin (R-N.Y.) and Vicente Gonzalez (D-Texas), recently introduced the legislation, which was sought by the National Association of Federally-Insured Credit Unions.
Read on for reaction to the proposed legislation from NAFCU President and CEO Dan Berger.
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