CREDIT UNIONS TO SENATE BANKING: ENOUGH IS ENOUGH

Credit unions are being overregulated with burdensome rules

XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.

McFadden, speaking on behalf of the National Association of Federal Credit Unions, will ask legislators to curb the copious amount of new burdensome rules from the National Credit Union Administration and the Consumer Financial Protection Bureau.

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