NCUA Board Member Rodney E. Hood Statement on Final Rule, Parts 702 and 741, Subordinated Debt

As Prepared for Delivery on December 16, 2021

I will certainly be supporting today's proposal because anything that's really going to help our CDFIs and our MDIs continue with financial access and inclusion is something that I joyfully support. And I support it because first and foremost, it's our CDFIs and our MDIs that have the proximity to the communities in need. Whether it be low to moderate income households, minority, ethnic communities, rural, or even tribal areas.

I have no questions. Thank you.