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Three credit union witnesses testified April 10 in a House Financial Services Committee Financial Institutions Subcommittee hearing that rules and regulations mandated by the Dodd-Frank Act are interfering with credit unions ability to serve their members.

By Heather Anderson | Updated on April 17, 2013

Three credit union witnesses testified April 10 in a House Financial Services Committee Financial Institutions Subcommittee hearing that rules and regulations mandated by the Dodd-Frank Act are interfering with credit unions’ ability to serve their members. 

“I understand that it is often difficult to pinpoint specific rules and regulations that are especially burdensome for credit unions; rather it is the cumulative effect of new regulations being layered on top of old regulations,” said Financial Institutions Subcommittee Chairwoman Shelley Moore Capito (R-W.V.) during her opening remarks. 

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