The regulatory burden has a price tag--so far--of $56 per credit union member in Georgia, according to a study commissioned by CUNA and cited by Georgia Credit Union Affiliates in a recent Atlantic Business Chronicle article.
Credit Union Association of the Dakotas President/CEO Jeff Olson detailed the negative impact regulatory burden has had on the states’ credit unions and their more than 470,000 members in op-eds appearing in North Dakota and South Dakota newspapers this week.
ALBUQUERQUE, N.M. (3/31/16)--After publishing an article about the increasing regulatory burden on credit unions, the Albuquerque Journal followed it up with an editorial that supported credit unions’ concerns.
ALBUQUERQUE, N.M. (3/29/16)--New Mexico residents learned about the effect the Dodd-Frank Act and its regulatory regime are having on the state’s credit unions in a Monday article in the Albuquerque Journal.
CHARLOTTESVILLE, Va. (3/2/16)--In an interview with S&P Global Market Intelligence, Alabama CU CEO Steve Swofford detailed the effects of increased regulation on the Tuscaloosa, Ala.-based credit union.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
The 2017 CUNA GAC kicks off Feb. 26, registration starts Sunday and leads into that evening’s ED (Filene) Talk, and continues Monday with the kickoff of the general session and a number of breakout sessions.