Reps. Bynum, Kim introduce bill to provide credit unions with more investment opportunities
U.S. Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced legislation that seeks to provide federal credit unions more flexibility in how they invest their funds. The bipartisan Credit Union Investment Authorities Act would: Amend the Federal Credit Union Act to allow federally chartered credit unions to purchase corporate bonds and invest in asset-backed securities. Allow Oregon credit unions to offer their members more affordable interest rates and better loan options. En...
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