With Congress back in session, it's time for credit unions to take action against overregulation.
The need for federal advocacy grows exponentially.
NAFCU’s president/CEO discusses cybersecurity and legislation.
The agency should include credit unions in processes that they ultimately fund.
Resistance to the agency's authority over credit unions has been consistent, NAFCU leader affirms.
It is not one single regulation, but multiple regulations from numerous agencies that are negatively impacting credit unions.
In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
The loss of more credit unions is at stake if regulatory burdens do not ease up.
The final risk-based capital rule must avoid unintended, negative consequences.
Topping the list is an MBL cap exception for credit unions with an established program history.