WASHINGTON — Credit unions are inpretty good shape despite the flood of regulations that continuesto wash over the industry, including the new qualified mortgagerules from the Consumer Financial Protection Bureau.

That's the take from AndyGreenawalt, CEO of Continuity Control, a New Haven, Conn.-basedprovider of compliance technology to about 160 financialinstitutions, including about 65 credit unions.

“Credit unions are largely in fine shape,” Greenawalt saidTuesday in an interview with Credit Union Times at theGovernmental Affairs Conference. “Because of their capitalstructure, they have so many constraints imposed on them, theycouldn't get themselves in too much trouble.”

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.