MADISON, Wis. (8/5/13)--Filene Research Institute is seeking North American credit unions to complete a survey on increasing regulation on credit unions in Canada and the U.S.
Responses are due August 13. The responses will form the basis of a study seeking to quantify regulatory burden for credit unions, especially its differing effects across asset sizes.
The survey will form the basis of a report by Professors Panu Kalmi, University of Vaasa, Finland, and Giovanni Ferri, LUMSA University of Rome, Italy.
The survey will also ask respondents to calculate their time spent complying with specific regulations in an attempt to identify the most burdensome regulations.
The Credit Union National Association continues to work with the U.S. Congress, the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA) to minimize regulatory burdens on credit unions. Recently, CUNA reiterated that CFPB and NCUA should conduct detailed cost-benefit analyses on proposed and final regulations to curb the "creeping complexity" of burdensome regulations on credit unions--especially small credit unions.