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NCUA Chairman Hood's Statement on Bimal Patel's Departure from Treasury Department (June 30, 2020)

Summary

NCUA Chairman Rodney E. Hood issued a statement on June 30, 2020, commending Bimal Patel, who is stepping down as Assistant Secretary of the Treasury for Financial Institutions. The statement recalls getting to know Patel well during a confirmation hearing in 2019. It says Patel's insight and leadership amid the COVID-19 public health emergency were instrumental in the passage of the CARES Act. It describes the CARES Act as having provided significant support to American workers, communities, and small businesses.

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Cited in: Bimal V. Patel

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“NCUA Chairman Hood's Statement on Bimal Patel's Departure from Treasury Department (June 30, 2020).” Original at ncua.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/ncua-chairman-hood-statement-on-patel-s-departure-2020-8fd1144ced/, SHA-256 09627a3e4ed319ee1420d3d5e7a7b609a6e3408d21519ad1e03a818e3ba3232f.

Full text

NCUA Chairman Hood’s Statement on Bimal Patel’s Departure from Treasury Department

June 2020

NCUA Chairman Hood’s Statement on Bimal Patel’s Departure from Treasury Department

ALEXANDRIA, Va. (June 30, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement today commending Bimal Patel, who is stepping down as Assistant Secretary of the Treasury for Financial Institutions.

“I got to know Bimal well during our confirmation hearing in 2019. He has committed his career to crafting and implementing effective financial and regulatory policies that allow financial institutions to provide quality services and products that meet the evolving needs of their customers and communities. Amid the COVID-19 public health emergency, Bimal’s insight and leadership were instrumental in the passage of the CARES Act, which provided significant support to American workers, communities, and small businesses. I thank Bimal for his service to his country. I wish him all the best in his future endeavors.”

Last modified on

06/30/20

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