Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA To Testify At April 10 Hearing Focusing On CU Reg Burden
WASHINGTON (3/28/13)--Credit Union National Association Executive Vice President of Government Affairs John Magill Wednesday underscored the importance that for the first time at a congressional hearing, credit unions will have the stage all to themselves: The House Financial Services financial institutions and consumer credit subcommittee has scheduled a hearing on credit union regulatory burden on April 10.

CUNA is scheduled to testify at the hearing. "We're breaking new ground here. Years ago, we would have been a side dish," Magill said. Even at a member business lending hearing in the last Congress, credit unions shared the day with banks. "Not so this time," he noted.

The credit union hearing is part of a 2013 series to study, in part, the impact of the Dodd-Frank Act, and will take place one week before an April 16 hearing on bank regulatory issues.

CUNA is working to select a witness for the credit union regulatory burden hearing. Additionally, CUNA has communicated routinely with financial services committee staff, providing specific and detailed suggestions for ways to ease the regulatory burden on credit unions. "We expect to elaborate on these ideas when we testify," Magill said.

The hearings are expected to be a precursor to a legislative package on regulatory relief with elements addressing the concerns of credit unions and community banks.


RSS





print
News Now LiveWire
Delaware #CU growth noted in @DeBusinessTimes http://t.co/b11eaQo4CT
36 minutes ago
Data security legislation among FTC recommendations #NewsNow http://t.co/2pS3Te1RPS
1 hour ago
.@CUNA has written to @RepBlainePress and @BradSherman to express support for a privacy notice bill expected to be introduced today.
2 hours ago
.@AEAFCU,which operates under conservatorship of @TheNCUA, reports improved financial performance for 2014. Release: http://t.co/AUvBLXtQt0
2 hours ago
5 MI #CUs named @101Best list for 2014 @ConsumersCU @DFCUFinancial @LMCU @michiganfirstcu @msufcu #101BB #NewsNow http://t.co/o680Rtpdsv
2 hours ago