WASHINGTON (11/18/14)--Credit Union National Association President/CEO Jim Nussle continues to keep the focus on four regulatory relief bills that CUNA urges the U.S. Senate to pass before the end of the legislative year.
Nussle said in a letter sent to every senator Monday that approving the four bills would be a "good first step" toward much-needed regulatory relief. He underscored that excessive regulations create a barrier that impedes credit unions' ability to serve their members.
"Credit unions are enduring a crisis of creeping complexity with respect to regulatory burden. The ever-increasing, never-decreasing regulatory burden erects barriers to their ability to serve their members," Nussle wrote. "The enactment of these bills would represent a small step in the right direction toward removing barriers to credit union service."
The bills are:
Companion pieces of legislation to all four bills have already passed in the House.
The target adjournment date for the Senate is Dec. 11 or 12.