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

CU System
CUNA's Dunn Offers Regulatory Insight At NWCUA Conference
PORTLAND, Ore. (10/17/13)--While Congress and regulators have introduced an abundance of new regulations in recent years, the Credit Union National Association remains steadfast in its efforts to ease the burden on credit unions, Mary Dunn, CUNA deputy general counsel, said during a breakout session at the Northwest Credit Union Association's Amplify Conference in Portland, Ore. last week.
 
"Working with the leagues and credit unions, CUNA's regulatory advocacy is proactive at all times and aggressive when needed," Dunn said.  "Our No. 1 regulatory advocacy priority is to pursue a positive regulatory environment for credit unions and minimize their regulatory burdens from the National Credit Union Administration, Consumer Financial Protection Bureau or whatever agency is involved to the greatest extent possible."
 
A strength of the credit union system in working with regulators is the strong partnership among CUNA, state leagues and credit unions, Dunn said.
 
That relationship also helps CUNA carry a unified message to lawmakers."Credit unions understand we are carrying that message the credit unions are burdened by regulation loud and clear to Congress," Dunn said.
 
CUNA continues to push for broad exemptions for credit unions on some CFPB rules, she said.
 
"Are they complete as we want them to be? No," Dunn told the group. And that is something we continue to work on," Dunn said.
 
CUNA's long-term strategy is to help regulators, including the NCUA, understand the regulatory burden credit unions face on a daily basis.
 
That includes even if a new regulation is needed, then considering if an existing regulation can be eliminated," Dunn said.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
9 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago