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Barr: Consumer Agency Will Help Credit Unions

WASHINGTON -- The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.

WASHINGTON — The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.

Such an agency will foster a “more predictable regulatory environment” in which it will be “easier to build a sustainable business,” Assistant Treasury Secretary Michael Barr told attendees at CUNA’s Governmental Affairs Conference.

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Peter Westerman

 

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