CUNA President/CEO Jim Nussle, Chief Advocacy Officer Ryan Donovan and Deputy Chief Advocacy Officer Elizabeth Eurgubian met with NCUA Chairman J. Mark McWatters Monday to discuss credit union issues, most notably regulatory relief and ways it can be achieved.
During the meeting, CUNA thanked McWatters for his efforts to modernize field of membership regulations, including the rule finalized last week, as well as NCUA's litigation efforts. CUNA reiterated its support for the agency’s efforts going forward.
The group also discussed CUNA, league and credit union concerns about compliance with the Financial Accounting Standards Board’s current expected credit losses standard, examinations, regulatory burden and frivolous lawsuits targeting credit unions.