WASHINGTON—Leaders of CUNA and NAFCU, along with approximately 20 credit union representatives from around the country, met with Treasury Department officials here to discuss credit union issues in the current regulatory environment.
“We are grateful that Treasury scheduled this meeting to learn more about credit union issues,” said CUNA President/CEO Jim Nussle, who attended the meeting. “This meeting was a positive step in the right direction for our government to understand that credit unions are and have always been pro-consumer organizations, and further regulatory requirements are not necessary to make us better.”
NAFCU President and CEO Dan Berger and Executive Vice President of Government Affairs and General Counsel Carrie Hunt attended the meeting. During the discussions, ideas were shared on how credit unions' regulatory burdens could be reduced from their current levels.
Treasury arranged the meeting to gather feedback from credit unions and their representatives as the agency prepares to write a white paper in response to President Donald Trump’s Feb. 3 executive order on core principles in regulating the U.S. financial system.