An expanded factsheet released by Democratic presidential candidate Hillary Clinton details policies that support credit unions and suggest regulatory relief.
Among the proposed ideas that specifically mention credit unions are:
- Curtailing regulatory “creep” by ensuring credit unions and smaller financial institutions are “only subject to rules that make sense for their size and mission;” and
- Coordinating state and federal examinations, including flexible exam schedules for healthy credit unions.
While CUNA does not endorse presidential candidates, it does appreciate the Clinton campaign for recognizing credit unions’ important role in the financial services industry and the effects of regulatory burden.continue reading »