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Cuomo Seeks to Combine Regulatory Agencies

The notion of combining regulatory agencies covering credit unions, banks and insurance firms may be a pet project of New York's new governor, Andrew Cuomo, but so far it has won only preliminary CU approval.

By Jim Rubenstein | Updated on January 18, 2011

The notion of combining regulatory agencies covering credit unions, banks and insurance firms may be a pet project of New York’s new governor, Andrew Cuomo, but so far it has won only preliminary CU approval.

Joining the Credit Union Association of New York in giving the consolidation idea an initial green light are trade groups representing community banks.

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