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The Treasury Department on Tuesday released a report noting its regulatory reform accomplishments thus far under this current administration. The report cites Treasury's past recommendations – many taken directly from NAFCU's Annual Report on Credit Unions – aimed at helping the credit union industry.

In this report, the Treasury Department points to its report released in June that was filled with credit union-specific and NAFCU-requested recommendations to help the industry.

Treasury also noted in Tuesday's report its efforts that led to the reduction, elimination or proposed elimination of more than 300 regulations, and how the department has not introduced any new significant regulatory actions per President Donald Trump's executive order on the issue.

NAFCU remains engaged with the Treasury Department and the White House on meaningful opportunities for regulatory relief that would aid credit unions.