The full effect of the Dodd–Frank Wall Street Reform and Consumer Protection Act is still to be felt in the financial sector. Dodd-Frank creates an environment of increased scrutiny and heightened sensitivity by regulators and consumers. 

Perhaps credit unions should not be treated in the same way as other financial firms. However, regulators are reacting to this environment. With this in mind, senior management and boards must be on top of their game today in addressing compliance issues.

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