Subcommittee Hearing Examines Regulatory Burden On Credit Unions

The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on credit unions’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing.

“Recently, federal financial regulators have expressed concern about the difficulty in quantifying the regulatory burden for financial institutions. I

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