Nov

5

Exclude CUs from systemic risk legislation, CUNA says

In a Tuesday letter to House Financial Services Committee Chairman Barney Frank (D-Mass.) and ranking member Spencer Bachus (R-Ala.), CUNA President/CEO Dan Mica said that credit unions should not be entangled in the Financial Stability Improvement Act, which is meant to address “too big to fail” institutions and the dangers they impose on the U.S. financial system.

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