H.R. 10511, titled the “Expanding Financial Access for Underserved Communities Act,” aims to amend the Federal Credit Union Act to help credit unions serve underserved areas. The bill allows federal credit unions to change their membership to include people from underserved...
Simple Explanation
H.R. 10511 is a plan to help credit unions, which are like banks, include people who live in places that many banks don’t serve. It means these credit unions might have to do extra work and spend more money to show they can help these communities.