Hood, FI regulators talk safety, soundness with lawmakers

Noting the consolidation of the credit union industry due to burdensome regulations, NAFCU’s Brad Thaler urged members of the House Financial Services Committee to balance regulatory relief with enhancing the safety and soundness of the financial system ahead of today’s hearing with financial regulators, including the NCUA.

Set to begin at 10:00 a.m. Eastern, the committee will hear from NCUA Chairman Rodney Hood, Comptroller of the Currency Joseph Otting, FDIC Chairman Jelena McWilliams and Federal Reserve Vice Chair for Supervision Randal Quarles.

Thaler, NAFCU’s vice president of legislative affairs, reiterated the association’s regulatory and legislative tenets:

  • a regulatory environment that allows credit unions to grow;

 

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