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.

Sean Brown
Sean Brown Director, Regulatory Affairs E: sbrown@ohiocul.org
Contact Us

Other Movement News

Government Affairs

League working to fix auto title issue

The League is working to fix a newly required notification process involving auto titles that was included in the State Transportation Budget. After an auto loan is paid off, purchasers […]
Regulatory

League opposes CFPB cap on credit card fees

People, families, businesses, and communities need access to safe, reliable, and affordable credit card services, and credit unions are uniquely positioned to meet those needs. That is why the League […]
Member Benefits

Tips to teach children how to save and spend; May MMTK

Assist your members in teaching their children good spending habits with helpful tips with the May Monthly Marketing Toolkit, a complimentary resource as part of your League membership. This toolkit […]