Following news that negotiations have stalled between Senate Banking Chairman Mike Crapo and Ranking Member Sherrod Brown, Credit Union National Association (CUNA) chief advocacy officer Ryan Donovan released a statement:
“This is disappointing but not surprising. And, we hope it is not a permanent. Bringing about common sense regulation is a process. We hope both sides will continue to work together to put forth bipartisan legislation that focuses on many of the important issues that impact consumers and small financial institutions including credit unions.”