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Sen. Dodd's Prescription for Reg Reform Is a Mixed Blessing for CUs

WASHINGTON -- For credit unions, Senate Banking Committee Chairman Christopher Dodd's proposed regulatory overhaul is both the best of bills and the worst of bills.

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WASHINGTON — For credit unions, Senate Banking Committee Chairman Christopher Dodd’s proposed regulatory overhaul is both the best of bills and the worst of bills.

On the plus side, most credit unions wouldn’t have to worry about an additional examination, nonbanks would face more regulation and credit unions aren’t perceived as a potential systemic risk.

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