NASCUS Submits Regulatory Relief Testimony For April 10 Hearing
April 9 NASCUS and state regulators took the opportunity to submit tesitmony onto the Subcommittee on Financial Institutions and Consumer Credit for the April 10 Hearing on Examining Credit Union Regulatory Burden.
NASCUS' testimony touches on several concepts for consideration to improve the regulatory supervision of state-chartered credit unions while providing prudent regulatory relief, including the need for credit union capital reform, state regulatory representation on the National Credit Union Administration (NCUA) Board, and increasing the size of the NCUA Board. As noted, NASCUS' recommendations for regulatory relief emphasize reforms that both improve the regulatory supervision of credit unions and enhance the consumer member access to quality credit union products and services and enhance the capabilities of state-chartered credit unions. Ultimately these recommendations benefit the tens of millions of credit union consumer members that belong to the nation's state-chartered credit unions.To see the testimony click here.