Credit union trade groups praised the Treasury Department Tuesday for its regulatory recommendations governing financial institutions, but one lobbyist said that personnel changes may be needed before they can be implemented.
“It’s reflective of the input that we and…credit unions gave Treasury,” said Ryan Donovan, CUNA’s chief advocacy officer.
Donovan said CUNA is pleased with such proposals for NCUA to revise risk-based capital, change to the exam cycle and call report rules and changes proposed for the CFPB.
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