Tell Us What You’re Hearing From Members About Financial Reform

This entry was posted by Thursday, 7 October, 2010
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They have questions, do you have answers??It’s been a busy year for credit unions. One of the top issues has been financial reform and how the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 will affect credit unions and credit union members.

While the Act brings numerous changes to existing financial laws, only about 35 items–a lot less than anticipated–may impact credit unions according to a recent CUNA News Now¬†article (cuna.org/newsnow Aug 25).

Credit unions can rest assured knowing key CUNA staff are working on this issue.

In fact, CUNA members may access archived audio from a two-part teleconference originally held at the end of August. The audio provides an overview of the new law, key provisions and implementation dates, as well as information on the new Consumer Financial Protection Bureau.

Credit union members are likely to have a number of questions about financial reform, especially since the subject has been in the headlines over the past few years. Tell us what questions your credit union members are asking about how this issue will affect consumers? Are they asking about:

  • The Consumer Protection Bureau?
  • Mortgage reform?
  • Remittance changes?
  • $250,000 share insurance coverage?
  • Anything else?

We REALLY want to hear from you! Your comments may help CUNA identify ways to help your credit union address the concerns of your members.

One Response to “Tell Us What You’re Hearing From Members About Financial Reform”

  1. Shot Gun Blast at problem… causing pain & hurting alot of groups (regulations of can’t do’s), but not fixing anything.


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