2012 offers CUs a key opportunity to provide input for regulatory relief
Credit unions have a critical opportunity to offer input for regulatory relief in 2012. With assistance from The League’s Regulatory Advocacy Council and League staff, credit unions can provide input on many issues for which the NCUA, other agencies and the Consumer Financial Protection Bureau (CFPB) have open Comment Calls. It’s credit unions’ chance to influence how they’ll be affected by regulatory decisions concerning loan participation, emergency liquidity and how many regulations might be streamlined as they move under the authority of the CFPB.
The League’s Regulatory Advocacy Council
is currently planning on submitting comments to several of the proposed
regulatory changes. The Council has asked all Wisconsin credit union
presidents for input so that the comment letters that The League submits
on behalf of state credit unions address as appropriately and as
completely as possible the issues that are important them. Please advise
Whiting about what you would like to see
included in a comment letter.
By February 7, The League asks for credit unions’ input on:
By February 22, credit unions are also asked to comment on how several rules developed by NCUA, the Fed, HUD and others can be streamlined as they move under the authority of the Consumer Financial Protection Bureau (CFPB). These rules include:
CUNA’s Comment Call includes a description of areas that CUNA has already flagged for comment as well as specific questions you might consider on these issues.
CUNA is using "Operation Comment" to help credit unions develop their own responses, and we urge you to submit comments from your credit union either by letter or through Operation Comment. However, the impact of individual letters is multiplied by submitting combined comments through The League.
The more specific you can be with your comments, the better – whether about the operational or other challenges and costs posed by a proposal, or any other suggestions.
The League’s Regulatory Advocacy Council, which is helping to coordinate The League’s response on behalf of credit unions statewide, includes Mark Willer of Royal Credit Union, Paul Grinde of CoVantage Credit Union, Anne Heggelund of Marathon County Employees Credit Union, Lisa Greco of AppleTree Credit Union and Jon Lowrey of Dane County Credit Union.
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