This month's special topic:
Regulatory Burden
Since the passage of the Dodd-Frank Act in 2010, the regulatory burden that financial institutions face has exploded. And while credit unions by and large did not engage in those activities which led to the financial crisis, they have been subject to most of the same new regulations as those institutions that did. This has become a constant refrain from credit unions, and yet it is borne out in the numbers – the industry continues to lose roughly one credit union per day. As a result, scores of households are denied the financial services and overall benefits that credit unions provide.
NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.
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