A bill to amend the Federal Credit Union Act to remove outdated responsibilities of boards of directors of Federal credit unions.
Credit Union Modernization Act of 2019
This bill revises the duties of boards of directors of federal credit unions, including by removing requirements for (1) the disclosure to the National Credit Union Administration of certain loan officer information, and (2) the direct management of credit union membership by a board of directors.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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