July 09, 2014

NAFCU rep testifies Tuesday on reg burden

July 10, 2014 – NAFCU witness David Clendaniel, president and CEO of Dover Federal Credit Union in Dover, Del., will discuss the impact of overregulation on his institution July 15 during a hearing of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit.

Clendaniel will talk to the panel about various regulatory relief proposals, the impact of new rules on his credit union's operation and members since enactment of the Dodd-Frank Act and rules yet to come, including NCUA's proposed risk-based capital rule. The hearing is set for 2 p.m.

The hearing, titled "Examining Regulatory Relief Proposals for Community Financial Institutions, Part II," follows a similar one held last December and will be led by panel Chairman Shelley Moore Capito, R-W.Va.