Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — Crucial changes are needed to the Federal Reserve’s proposed Regulation Z changes in order to not overburden consumers or financial institutions, the two national credit union trade associations said in official comment letters.

Generally speaking, NAFCU prefaced its comments by stating, “NAFCU and its member credit unions are firmly committed to fostering the responsible and informed use of credit by ensuring that American consumers are provided with meaningful disclosures. However, NAFCU continues to hear concerns from our member credit unions that, with the number of consumer protection disclosures becoming increasingly copious, consumers are becoming overwhelmed by ‘information overload.’”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.