Overregulation is not just choking credit unions, it is choking our economy. 

According to recent reports from the Competitive Enterprise Institute, 212 of the 4,128 federal regulations that were in the works in 2011 are “economically significant,” meaning they constitute at least $100 million in economic impact. Additionally, regulatory compliance costs are estimated to be $1.75 trillion, roughly equal to about 48% of federal spending. These regulatory costs equal 11.7% of our total GDP.  This means that more than $1 out of every $10 of the national income is spent on complying with regulations. Moreover, the Small Business Administration estimates that regulations add $10,585 in costs per employee. 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dan Berger


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.