House passage of the Expanding Financial Access for Underserved Communities Act helps credit unions fight against banking deserts where they exist, CUNA Chief Advocacy Officer Ryan Donovan said on CUBroadcast. The bill passed the House Wednesday as part of a larger piece of legislation.
“Field of membership reform is one of the top priorities we have, so getting this legislation through the House is a big deal,” Donovan said. “Now we have to get it through the Senate.”
The bill: