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CU System
Conn. league CEO addresses reg challenges in biz journal
MERIDEN, Conn. (10/12/09)--Credit Union League of Connecticut President/CEO Tony Emerson was spotlighted Oct. 9 in the Hartford Business Journal in a question-and-answer feature. Emerson addressed the burden of regulatory changes that credit unions face today and regulatory challenges they anticipate for 2010. He noted that in light of today's regulatory and compliance burden on financial institutions, credit unions--no matter their asset size--are all expected equally to comply with heavy regulation demands. The Journal was particularly interested in the league's new Compliance School, scheduled for February through July and which covers major regulatory compliance issues, he said. The league's Small Credit Union Support Program is subsidizing the costs so credit unions with less than $20 million in assets can attend free, he said. The league also has scheduled a compliance forum for November, he added.


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