United States Capitol dome silhouette and the national flags of U.S. rounding Washington Monument – Washington D.C. (Image: Shutterstock).
CUNA sent a letter to Congress Wednesday supporting a bill that it hopes will clear unnecessary regulatory obstacles hindering the creation of entirely new credit unions and other financial institutions.
CUNA President/CEO Jim Nussle wrote to the House Financial Services Committee in support of the Promoting New and Diverse Depository Institutions Act (H.R. 4590). It would require the NCUA and other financial regulators to conduct a study to assess the challenges by prospective de novo financial institutions, and create a plan to increase these entirely new financial institutions while promoting safety and soundness.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
