DCUC Submits Four Comment Letters Supporting NCUA Deregulatory Efforts
By CU Today Staff —
WASHINGTON– The Defense Credit Union Council Monday submitted four comment letters to NCUA in response to the agency’s fourth round of proposals under its ongoing Deregulation Project.
In its letters, DCUC expressed appreciation for the NCUA’s continued commitment to modernizing its regulatory framework and reducing unnecessary compliance burdens on credit unions. DCUC voiced that thoughtful deregulation plays a critical role in allowing credit unions to better allocate resources toward member service, financial readiness, and mission support.
DCUC voiced support for several key proposals aimed at improving efficiency and eliminating outdated or duplicative requirements, including:
“DCUC appreciates the NCUA’s proactive approach to reviewing and updating its regulatory structure,” said Anthony Hernandez, DCUC president/CEO. “Reducing unnecessary regulatory burden enables credit unions to focus more effectively on serving their members, including those within military and defense communities who rely on safe, affordable financial services.”
“We’re committed to working collaboratively with the NCUA throughout the Deregulation Project and future rulemakings to ensure that regulatory changes support both innovation and the continued safety and soundness of the credit union system," DCUC Chief Advocacy Officer Jason Stverak added.
Originally reported by CU Today.