WASHINGTON — Recently proposed regulations would lead to additional costs and reduced revenue to credit unions and could make credit less available to consumers
That's the preliminary analysis from the two major trade associations about the proposed rules unveiled by the NCUA and two other agencies aimed at curbing what the government sees as excessive fees for–and insufficient disclosure to–credit card users.
Officials of CUNA and NAFCU are concerned that the limits on fees and cost of disclosing additional information could drive up expenses so much that offering credit cards to some consumers wouldn't be cost effective.
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