As credit unions wait with bated breath for a Senate vote on raising the MBL cap, the chamber will likely first address changes to the United States Postal Service that could impact credit union budgets and compliance.
CUNA Senior Vice President of Legislative Affairs Ryan Donovan said one possible change to the USPS could be the reduction in delivery service from six days a week to five.
"There has been some concern that might impact credit unions in terms of having to send things to borrowers or members within a certain amount of time," the CUNA lobbyist said, adding "but most would expect corresponding changes in regulatory requirements."
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