J. Scott Sullivan and Kurt T. Yost: Small banks, credit unions struggling with overregulation

For many years, but most especially over the last decade, Nebraska’s credit unions and community banks have been bombarded by an onslaught of rules and regulations originating from Washington, D.C.

Credit unions and community banks desire a sound regulatory environment that makes sense for consumers rather than one that penalizes them for the actions of a few bad actors in the marketplace.

Credit unions lost $1.1 billion in revenue due to regulatory costs.
Regulatory burden has already cost credit union members over $7.2 billion.
Further regulation of credit unions will only cost you more time and money.