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News Now

Washington
Lengthy Reg Burden List Highlighted In CUNA Reg Advocacy Report
WASHINGTON (4/16/13)--A chart detailing of the 157 rule changes credit unions have been subjected to since 2008 is one of many key regulatory resources provided in this week's edition of the Credit Union National Association's Regulatory Advocacy Report.

Most of the rule changes, which were made by more than 15 agencies, were written before the Consumer Financial Protection Bureau issued its first rule, the Report notes. Regulations from the National Credit Union Administration, the Federal Housing Administration, the Federal Emergency Management Agency and the CFPB are among those listed in the document.

The impact of these and other regulations on credit unions were addressed in CUNA testimony before a House Financial Services financial institutions subcommittee hearing held last week. (Use the resource link to read April 11 News Now story: CUNA 35-point Plan Could Help Spell Out Relief Bill)

Other issues addressed in CUNA's weekly members-only publication on regulatory developments include:

  • Possible NCUA regulatory actions;
  • Proposed changes to the U.S. Small Business Administration's 504 and 7(a) loan programs;
  • CUNA's comments on National Institute of Standards and Technology data security requirements; and
  • The results of a U.S. Government Accountability Office study on ATM fees.
An updated chart on the CFPB's proposed and final rules is also included in the report.

To see the complete chart of rule changes and to read the full report, employees or volunteers of CUNA and state credit union league member credit unions can sign up below to receive the Regulatory Advocacy Report.

The Regulatory Advocacy Report is archived on cuna.org.


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