While large credit unions report an easy TRID transition, smaller ones are inundated by costs and labor.
Timberland FCU CEO tells a Senate subcommittee it used a typewriter until a vendor worked out TRID disclosure bugs.
Carrie Wood tells lawmakers her small, rural credit union has been forced to scale back on member service.
When approving the final rule by a 2-1 board vote, the NCUA stressed the rule will only require 16 credit union to take action.
A final RBC2 rule makes the Oct. 15 board meeting agenda. Matz also addresses congressional concerns.
A three-tier regulatory system would provide meaningful regulatory relief to credit unions.
Should the small credit union threshold be larger than $100M? Read what NCUA board members think.
Scott Eagerton, President/CEO of the $42M Dixies FCU, testifies before Congress on regulatory burden.
Bill would give bank regulators authority to exempt banks from burdensome regs.
A bill added to the financial services appropriation bill would allow bank regulators to exempt small banks from some regs.