CUNA, state leagues ask NCUA to form reg task force

by David Baumann, Washington CU Daily

The Credit Union National Association and state credit union leagues are calling on the National Credit Union Administration to establish a Regulatory Reform Task Force to weed out outdated, unnecessary, and burdensome regulations.

The NCUA established such a group in 2017 and the panel issued two reports containing recommendations for changes to the agency’s regulatory regime. The task force consisted of agency employees.

CUNA and the leagues said they strongly supported that effort.

In a letter to the agency board, CUNA and the leagues said this time the task force should include representatives from individual credit union and industry trade groups.

 

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