|"By quickly summarizing information in an easy-to-read format, it's our goal to give credit unions all the information they need to be informed and involved," said Lauren Whaley of the NC Credit Union League.
The NC Credit Union League recently rolled out a new email publication designed to keep credit unions informed about the fast-paced world of Regulatory Advocacy. Emailed to credit unions each Wednesday, The Regulatory Report is a concise summary of current regulatory issues.
Compiled by Lauren Whaley, the NCCUL Director of Legislative & Regulatory Affairs, The Regulatory Report will allow credit unions to easily access information that will potentially impact them, and give credit union staff the opportunity to take a more active role in the comment process.
"When credit unions Hiked the Hill last week, they had the opportunity to meet with representatives from the Consumer Financial Protection Bureau who are tasked with creating ‘smart’ mortgage disclosures for consumers. As the CFPB works to combine forms in an effort to make disclosures an effective tool for consumers to use, industry feedback is critical,” said Whaley. "Avoiding unintended consequences from regulation emerged as a key message delivered in that meeting and credit unions were able to cite helpful examples of the impact of the 2009 Credit CARD Act.”
It is important for credit unions to have a voice in the regulatory process and Whaley noted that The Regulatory Report would help credit unions do just that. "By quickly summarizing information in an easy-to-read format, it's our goal to give credit unions all the information they need to be informed and involved."
To read the September 21st edition of The Regulatory Report, please login to the Regulatory Advocacy page of the NCCUL web site. If you would like to be added to the mailing list, please click here.