Credit union execs testify at House panel hearing.
Two credit union CEOs will testify at House subcommittee hearing Thursday on regulatory burdens.
The disagreement between financial institutions and regulators over changes in the exam process may not be resolved on Capitol Hill any time soon.
While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.
Panel chair says CFPB director's recess appointment "runs counter to the constitutional requirements for a recess appointment."
Regulatory burdens stemming from the Bank Secrecy Act, Dodd-Frank Act and the Department of Housing and Urban Development, among others, add another layer of responsibility to credit unions’ day-to-day operations. Complaints of rising compliance-related costs are common, but just how much is compliance costing CUs, and how are they paying...
Even small credit unions spend thousands a month on meeting the regulatory burden. Find out more in this sneak peek at an article from the next print edition of Credit Union Times.
CEO says CU pays $300,000 yearly to keep member data safe.
No more. That’s CUNA’s message to the NCUA when it comes to regulations. In a 15-page letter to NCUA Chairman Debbie Matz, the trade association said it wants the regulator not to issue any new regulations during the next six months, and after that to do a better job of justifying the...
Regulations conflict and often harm the people they are meant to protect, CU execs argue.