Credit Union National Association (CUNA) official response to executive order on improved agency guidance documents

“Today’s executive order is a strong step toward reining in regulator overreach. In recent years, we have seen federal agencies try to exceed their statutory authority and skirt their obligations under the Administrative Procedures Act by issuing guidance in lieu of new regulation. This practice runs counter to our nation’s democratic principles, and we appreciate the President’s line in the sand on the matter. As America’s trusted partner for member-driven financial services, we look forward to this moment serving as a springboard toward ensuring the rule making process is a more democratic, input-driven process, leading to thoughtful, informed regulations that protect consumers and advance our country.”- Jim Nussle, President/CEO