CUNA and NAFCU have asked the Federal Reserve Board to push back the implementation of proposed changes to Regulation D to later next year.
Dillon Shea, NAFCU regulatory affairs counsel, said his trade group supports proposed changes to Regulation D but would like implementation pushed back to the third quarter of next year.
In a letter to Federal Reserve Board Secretary Jennifer J. Johnson, Shea said proposed changes to Regulation D, regarding reserve requirements for depository institutions, would simplify the reserve requirement process.
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