Credit unions need balanced NCUA regulation
Published by: Sean Brown
August 24, 2022 | Regulatory
People, families, businesses, and community needs are best served when there is a balance between the impact and cost of regulation and the benefits it provides your credit union’s members. That’s why the League recently commented on the National Credit Union Administration’s (NCUA) 2022 Regulatory Review of Sections 700-710 to better tailor credit union operational efficiencies to meet NCUA’s desired safety and soundness priorities. By empowering federal and federally insured credit unions with flexible field of membership population standards, greater boards of directors’ authorities, specialized services, and consistent capitalization requirements, NCUA can encourage an operational environment that fosters change, innovation, and flexibility, allowing credit unions to better respond to member needs without increasing risk or impacting system safety and soundness.
Read the League comment letter and reach out to League Regulatory Affairs Director Sean Brown with any questions or insight.
Contact Sean Brown for questions or assistance.
