Donovan: CUs support ‘proportionality’ in rulemakings

August 5, 2019

CUNA Chief Advocacy Officer Ryan Donovan talked about CUNA’s advocacy work with the World Council of Credit Unions on CUBroadcast recently, appearing from last week’s World Credit Union Conference in the Bahamas.

During the discussion, Donovan outlines how international rules written for large international banks can trickle down to credit unions. CUNA and the World Council are strong supporters of “proportionality” in rulemaking. This allows regulators to structure regulations according to the size, complexity

CUNA has strongly pushed for NCUA and the Consumer Financial Protection Bureau, among others, to take size into account even within the credit union system, as large credit unions with billions in assets would be treated the same as smaller credit unions that have mostly part-time staff.

Donovan also discussed topics that include blockchain, credit unions’ role in financial health around the world, CUNA’s advocacy goals for the fall and the latest on banker attacks, among other topics.