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CUNA Seeks Feedback on Eliminating Regulatory Burden for Treasury
Friday, June 23, 2017 6:40 AM

Credit Union National Association seeks feedback from credit unions on ways to eliminate regulatory burden as it prepares to response to the Treasury’s request for information (RFI) on streamlining regulations. The Treasury published its request in the Federal Register this week in response to executive orders from President Donald Trump.

Trump issued an executive order in January calling for “efficient, effective, and appropriately tailored” regulations, a goal that matches with CUNA’s Campaign for Common-Sense Regulation.

Another executive order followed in February, requiring federal agencies to construct a task force to assist in tailoring regulations.

The Treasury’s RFI invites members of the public to submit views and recommendations for Treasury Department regulations that can be eliminated, modified, or streamlined in order to reduce regulatory burdens.

The Treasury also seeks feedback on its report released earlier this month that contains regulatory relief recommendations highlighted by CUNA and credit unions.

CUNA previously met with the Treasury to discuss regulatory relief, and followed up with additional suggestions to help credit unions operate in a more favorable environment.