Thaler cites 5 ‘tenets,’ states CLEARR Act support as panel reviews reg relief
NAFCU’s Brad Thaler cited five tenets of a healthy and appropriate regulatory environment for credit unions in a letter Tuesday to the leaders of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, which holds a hearing today on regulatory relief for community financial institutions.
“History has shown that a robust and thriving credit union industry is good for our nation’s economy, as credit unions fill a need for consumers and small businesses in the financial services marketplace that may otherwise not be met by other institutions,” wrote Thaler, NAFCU’s vice president of legislative affairs, in a letter to panel Chairman Blaine Luetkemeyer, R-Mo., and Ranking Member William Lacy Clay, D-Mo.
He added, “NAFCU firmly believes that regulatory relief is needed both from Congress and the regulators to ensure credit unions have a healthy and appropriate environment that allows them to meet the needs of the nation’s 108 million credit union members.”
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