news.cuna.org/articles/111317-gao-used-information-from-cuna-in-reg-burden-study

GAO USED INFORMATION FROM CUNA IN REG BURDEN STUDY

December 31, 2015

FOR IMMEDIATE RELEASE 

Contact: Vicki Christner – CUNA Communications; 202-508-6754; vchristner@cuna.coop

WASHINGTON, DC (December 31, 2015) —Credit Union National Association (CUNA) deputy chief advocacy officer Elizabeth Eurgubian issued a statement regarding a recently released Government Accountability Office (GAO) Report. The study, “Dodd-Frank Regulations: Impacts on Community Banks, Credit Unions, and Systemically Important Institutions,” utilized information from CUNA while acknowledging that its findings so far are early and many regulatory changes were not in effect at the time of its research.

"The GAO report describes its early findings on the impact of Dodd-Frank regulatory burden on credit unions and community banks. It is our hope that Congress will thoroughly investigate the costs of regulatory burden as the full picture unfolds and more regulatory requirements become effective."