NAFCU will continue a push to convince regulators to better tailor rules for credit unions, allowing them to continue to grow in the coming year, according to the group's regulatory and legislative priorities for the year.
"There must be a regulatory environment that supports innovation and encourages credit unions to provide consumers and small businesses with access to credit," the trade group said.
The group identified one of the main problems it sees hampering credit unions: "Credit unions are swamped by an ever-increasing regulatory burden from the CFPB and other regulators, often by rules aimed at bad actors and not community institutions."
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