FOR IMMEDIATE RELEASE
Contact: Vicki Christner - CUNA Communications, 202-329-9950, firstname.lastname@example.org
Washington, DC (April 6, 2016) - Following the Department of Labor releasing its final fiduciary rule, Credit Union National Association (CUNA) president/CEO Jim Nussle issued a statement:
“The Department of Labor's final fiduciary rule is very complex and we're evaluating its impact on credit union's ability to best serve their members. CUNA has been active on this issue and raised a number of concerns since the rule was first proposed, and we will continue to work closely with regulators and lawmakers should we find in our analysis that there are issues in the final rule that negatively affect credit unions.”
With its unique network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by more than 103 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNA on Twitter. For more information about credit unions, visit www.aSmarterChoice.org and follow @asmarterchoice on Twitter.