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NASCUS Leadership to Focus on Dual Charter, Reg Reform and Capital Issues

BOSTON - Working with Congress to ensure that regulatory restructuring preserves the dual chartering system and trying to find consensus on the issue of supplemental capital

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BOSTON – Working with Congress to ensure that regulatory restructuring preserves the dual chartering system and trying to find consensus on the issue of supplemental capital will be the top priorities of NASCUS’ new chairman and the chairman of its credit union advisory council.

NASCUS Chairman Thomas J. Candon said in an interview at the group’s State System Summit that the association “can work with the concept of a reform, including the proposed consumer regulatory agency, but we want to work with lawmakers to make sure the state role is recognized. We don’t want the agency to usurp the central role that states have in consumer protection.”

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