Eric Richard

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Eric Richard is executive vice president and general counsel for the Credit Union National Association (CUNA), headquartered in the Washington, D.C. office. His department is responsible for regulatory advocacy before various federal agencies including the National Credit Union Administration, the Treasury Department, the Small Business Administration, and others, and regulatory compliance services to leagues and credit unions. He has been deeply involved in defending the credit union movement against banking industry litigation, and also supervises CUNA's internal corporate legal affairs.

He joined CUNA in 1997 from the Federal Home Loan Mortgage Corporation (Freddie Mac), where he was associate general counsel for regulation and legislation. He was the primary liaison with Freddie Mac's safety and soundness regulator, which involved all advocacy activities on proposed rules and powers. On the legislative side, Richard played a leading role in drafting legislation which created a new system of regulation for Freddie Mac and the Federal National Mortgage Association (Fannie Mae). He also developed corporate positions on legal issues raised by numerous other proposed bills and drafted legislation sought by the corporation.

During the Carter administration, he worked at the U.S. Department of Justice. He began as an assistant to the head of the Legislative Affairs Office, and moved up to become special assistant to the attorney general. In 1985-86, Richard served as legislative director for Senator Arlen Specter (R-Pa.).

In private legal practice, Richard specialized in bank and thrift regulation and legislation.

He received his bachelor's degree from Princeton University, and his J.D. from Harvard Law School. He is a member of the District of Columbia Bar and the bars of the U.S. District Court, the U.S. Court of Appeals, and the U.S. Supreme Court. He has been active with the World Council of Credit Unions and has a special interest in russian issues.

The Washington Post
Court Sides with Retailers, Goes Against Fed Rule on Debit Card Fees
Analysts expect that the decision will affect the biggest banks most, but small debit card issuers warned of the decision’s “potentially devastating impact” for credit unions. The decision “will challenge credit unions to continue their debit card programs without incurring drastic cuts in revenue, or imposing additional fees on their members,” Eric Richard, general counsel of Credit Union National Association, said in a statement.