NASCUS Submits Statement for the Record to Senate Committee on Banking, Housing and Urban Affairs

February 20, 2015 The National Association of State Credit Union Supervisors (NASCUS) submitted a statement for the record of the Feb. 10, 2015, Senate Banking Committee hearing regarding regulatory relief for community banks and credit unions.

In its statement, NASCUS provided several recommendations to the committee for legislative action, including NCUA Board reform, capital reform, member business loan reform, and privacy notifications.

NASCUS encouraged the committee to “remain actively engaged in regulatory oversight” and looks forward to Congress’ help in lessening regulatory burdens in the future.

 

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