Compliance burden hits smaller institutions the hardest, CEO of $95 million credit union tells panel.
“Everybody in California is jumping up and down about this,” Patelco CFO Scott Waite said of the new rule.
Partnership with PolicyWorks of Des Moines, Iowa.
Ohio credit union CEO to testify to House panel on Tuesday.
Contrasting views on Dodd-Frank impact at House hearing. See what the CUs had to say in this preview from our July 25 print edition.
The debate over the fate of small credit unions continued on CUinsight’s blog last week with Henry Meier of the Credit Union Association of New York interjecting that “the days of treating your examiner as your de facto compliance officer are over.”
Compliance is the cost of doing business and if you can’t bear those costs, you won’t be in business.
NAFCU president asks Treasury secretary to intervene on behalf of credit unions.
The NCUA Board's decision to cancel its public board meeting and delay a vote on the final rule for CUSOs was warmly greeted by NAFCU.
Trade group urges regulator to use efficient information collection methods to ease response burden on credit unions.