President Ronald Reagan famously said in 1986, “The nine mostterrifying words in the English language are, 'I'm from thegovernment, and I'm here to help.'”

Look at the impact the CFPBhas had on credit unions' services, including curbing oreliminating wire transfer services from their portfolios. The CFPBwas created to protect consumers in the U.S., yet it is reachingbeyond those borders and holding banks and credit unionsresponsible when they perform more than 100 transactions in ayear.

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