NAFCU is asking Congress for more transition time, an adjustment of certain thresholds for inflation and clarification of the mortgage rules.
Those are among the modifications to the regulatory overhaul passed this summer that NAFCU outlined in a letter to lawmakers last week.
Because the bill creates "an overwhelming number of new compliance burdens" for credit unions, Congress should postpone the implementation date for certain provisions until the summer of 2012, NAFCU President/CEO Fred Becker wrote.
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