CUNA continues regulatory relief message at Wednesday HFSC hearing

With the U.S. House Financial Services Committee still seeking input on regulatory relief for credit unions and other small financial institutions, CUNA will testify in a hearing on the subject Wednesday.

Patrick Miller, president/CEO of CBC FCU, Oxnard, Calif., will testify on behalf of CUNA.

The hearing is titled “Preserving Consumer Choice and Financial Independence.” Committee members and witnesses will examine the regulatory burden facing credit unions and community banks and its effects.

This hearing marks the second time since February that CUNA has testified on credit union regulatory relief needs before members of Congress. CUNA testified before the Senate Banking Committee Feb. 12.

At that time, CUNA announced the launch of a comprehensive study examining the true, real-life costs of complying with the myriad of regulations credit unions face.

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