Reg Relief Hearing a Good Day for Credit Unions
Wednesday’s House Financial Institutions Subcommittee hearing—devoted exclusively to regulatory relief for credit unions with no bank witnesses—went extremely well. Pamela Stephens, CEO of Security One FCU in Arlington, Texas, delivered CUNA’s 35 recommendations for statutory changes that would significantly ease the burden on credit unions, and she helped lawmakers understand the real-world compliance challenges that smaller financial institutions face today. Click to read the entire Cheney Report
Wednesday’s House Financial Institutions Subcommittee hearing—devoted exclusively to regulatory relief for credit unions with no bank witnesses—went extremely well. Pamela Stephens, CEO of Security One FCU in Arlington, Texas, delivered CUNA’s 35 recommendations for statutory changes that would significantly ease the burden on credit unions, and she helped lawmakers understand the real-world compliance challenges that smaller financial institutions face today. Click to read the entire Cheney Report
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