Recent News

Financial Reform Both Parties Can Agree On June 22, 2017

Congressional Republicans’ latest financial reform plan may have little chance of becoming law in its entirety, but there’s one piece on which both parties should agree: providing relief for small banks and credit unions.

Elizabeth Warren Calls for Targeted Deregulation of Community Banks June 14, 2017

WASHINGTON—Sen. Elizabeth Warren said Tuesday that Senate Democrats are willing to pursue targeted changes for regulations affecting community banks and credit unions as Congress moves to review postcrisis financial regulations.

Dallas Bergl Introduced by Senator Joe Donnelly June 8, 2017

VIDEO: Senator Joe Donnelly introduces Dallas Bergl during Senate Banking hearing.

Here’s an example of how the CFPB’s regulations dented credit union success June 8, 2017

Approximately $73 per member per year on average. That’s how much the Consumer Financial Protection Bureau’s regulation burdens cost Clark County Credit Union during the 2015 to 2016 period.

Opinion: Credit unions deserve a break, so do their members June 2, 2017

The Financial Choice Act is a revision of the 2010 Dodd-Frank Act and is pending in the House of Representatives. It is far from a perfect bill, but it advances the conversation about which types of lenders need additional regulatory scrutiny.

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.