Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Security One FCU's Stephens Is CUNA Reg Burden Witness
WASHINGTON (3/29/13)--Pamela Stephens, president/CEO of Security One FCU, Arlington, Texas, and former Texas Credit Union League board chairman, will testify on behalf of credit unions and the Credit Union National Association at an April 10 hearing on credit union regulatory relief.

In her testimony, Stephens will provide detailed suggestions how federal lawmakers can ease the regulatory burden on credit unions. She will be testifying before the House Financial Services subcommittee on financial institutions and consumer credit.

The 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.

"After dozens of hearings in the last Congress on regulatory burden, the House Financial Services Committee is sending a message through this regulatory relief hearing that they've heard the concerns and they want to hear about solutions. We're ready to put some solutions on the table, and we're hopeful that the committee and Congress will embrace them and enact them," CUNA Senior Vice President of Legislative Affairs Ryan Donovan said.

Similar regulatory burden discussions took place in 2012, and CUNA testified on how the growth of financial services regulations has negatively impacted how credit unions lend to and serve their members.

The upcoming regulatory burden hearings are expected to be a precursor to a legislative package to address what CUNA has called a "crisis of creeping complexity" in financial institution regulation.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
17 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
18 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
20 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
20 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
23 hours ago