ALEXANDRIA, Va. (June 16, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement commending the service of Andrew Olmem, who is stepping down as Deputy Director of the National Economic Council.
“Andrew Olmem has played a pivotal role in creating a regulatory environment that helps drive the U.S. economy forward and create jobs. During the unprecedented coronavirus pandemic, Andrew provided steadfast and thoughtful leadership that culminated in the enactment of the landmark CARES Act, which provided much-needed relief to American workers and businesses. As a result of Andrew’s tireless dedication, the CARES Act provided financial regulators with tools to offer regulatory relief, flexibility, and liquidity to the financial institutions they supervise. I thank Andrew for his service, and I wish him the very best in all his future endeavors.”