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Cornerstone Asks CUs to Provide Specific Examples of Reg Burden
Tuesday, February 24, 2015 6:50 AM

In advance of the Capitol visits that will take place during Credit Union National Association's Governmental Affairs Conference in Washington, DC, Cornerstone is seeking case studies on regulatory burden. League and CUNA leaders will provide the specifics of those cases to U.S. Senate Banking Committee members, per the committee's request.

It is vital that the Senate receives real examples of the negative consequences of unnecessary regulation. Last week, CUNA launched a new tool to help credit unions collect real-life examples of how growing regulatory burden results in reduced service for members and/or increased costs to credit unions. 

CUNA believes the committee's interest in learning more about the regulatory environment signals a serious and welcomed attempt to roll back some of the tide of regulatory and compliance burden that credit unions have been subjected to over the past decade.

Please use the form to provide examples of how regulatory burden has caused the credit union to: not offer a new service, terminate an existing service, offer a service to fewer members, offer a service at a less attractive price, or generally offer a service in a less beneficial way to members because of a rule or regulation.