Governments need to improve their communications, allow regulatory flexibility and delineate decision making authority during a possible flu pandemic. NAFCU Director of Regulatory Compliance Anthony Demangone told lawmakers today.

He said during testimony before the House Small Business Committee that credit unions and other financial institutions "need information about any potential hurdles that face pandemic-related business continuity plans." The government needs to inform financial institutions if they can rely on the telecommunications infrastructure if employees need to work from home, he added.

Demangone also urged the government to plan, in advance, what leeway it will offer financial institutions on regulatory compliance in the case of a flu pandemic.