On Dec. 14, Meadows, chair of the House Freedom Caucus, released a 21-page report outlining 228 federal rules and regulations that President-elect Donald Trump could excise or scale back to reduce red tape and fuel economic growth.
But as the initial report included the NCUA’s MBL rule, CUNA and CCUL staff promptly set up a meeting with Meadows’ office to learn why, particularly as the rule explicitly aims to foster economic growth, not encumber it.
Meadows’ office quickly stated that the rule was included inadvertently.
“This is another example of CUNA and League cooperation that has led to a positive outcome for the credit union movement,” said Ryan Donovan, CUNA chief advocacy officer. “This type of cooperation continues to be essential in the efforts we continue to pursue to relieve unnecessary regulatory burdens on credit unions.”