FOR IMMEDIATE RELEASE
May 15, 2020
Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the House passed the HEROES Act Friday night, the latest proposal to provide relief from the coronavirus disease (COVID-19) pandemic.
“House passage of the HEROES Act starts a process for a new round of recovery legislation intended to help consumers, small businesses and the economy in general weather and rebuild from the crisis. We were happy to see a number of the provisions that will help credit unions remain in a position to serve their members and communities, but we were disappointed that the legislation includes several provisions that would actually make it more difficult for consumers and small businesses to access safe and affordable financial services.”
CUNA and Leagues will continue their engagement as the Senate puts together its package, with a priority to include additional beneficial policy proposals to help small businesses and communities not included in the House legislation.
“This is the first step in the process, not the last word,” Nussle added.