MANCHESTER, N.H. (11/10/15)--Rep. Frank Guinta (R-N.H.) will host New Hampshire credit unions and National Credit Union Administration Chair Debbie Matz Nov. 20 for a roundtable discussion on credit union issues.
The event will be held at America’s Credit Union Museum.
According to the Cooperative Credit Union Association, at the top of Guinta’s list for discussion is regulatory burdens faced by credit unions. Actions taken by the NCUA, as well as Guinta’s concerns about the steadily shrinking number of credit unions, particularly in small towns and rural areas, will also be discussed (Daily CU Scan Nov. 9).
Guinta has brought up regulatory relief a number of times in recent months. He joined New Hampshire legislators in calling for a safe harbor period for the Consumer Financial Protection Bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.
In an April hearing with Larry Fazio, director of the NCUA’s Office of Examination and Insurance, Guinta said the topic of regulatory burden is often brought up by constituents.
“I'm actually a little discouraged, and I remain discouraged, with some of the things I've been hearing relative to the regulatory burdens,” he told Fazio (News Now April 24). ”This is the single issue that I hear about from institutions in New Hampshire, more than any other issue.”