GAO used information from CUNA in reg burden study
WASHINGTON, DC (December 31, 2015) — Credit Union National Association (CUNA) deputy chief advocacy officer Elizabeth Eurgubian issued a statement regarding a recently released Government Accountability Office (GAO) Report. The study, “Dodd-Frank Regulations: Impacts on Community Banks, Credit Unions, and Systemically Important Institutions,” utilized information from CUNA while acknowledging that its findings so far are early and many regulatory changes were not in effect at the time of its research.
“The GAO report describes its early findings on the impact of Dodd-Frank regulatory burden on credit unions and community banks. It is our hope that Congress will thoroughly investigate the costs of regulatory burden as the full picture unfolds and more regulatory requirements become effective.”
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.