Credit unions get a chance to cut rules they find 'unduly burdensome'
What happened
The US credit union regulator is reviewing its own rules to find ones that are outdated or unnecessary. This means credit unions can point out specific rules they want removed or changed.
Why it matters
Every ten years, a law requires financial regulators to review their rules. This time, the credit union regulator is doing it voluntarily. This gives credit unions a rare chance to directly influence which rules stay and which go, potentially reducing their operating costs.
The signal
Watch for the specific rules credit unions complain about most, and whether the regulator actually removes or changes them in the final rule.