There would be greater clarity-and, for that matter, brevity-in the regulations themselves, which would also help credit unions more effectively comply, says State Department FCU's Devin Lyon.
NAFCU recently reiterated its call for Congress to provide broad-based regulatory relief to credit unions, outlining a five-point plan that it said would provide administrative, capital, structural, operational and data security reforms.
NCUA will review 16 of its regulations during 2013 for greater clarity and understanding as part of its three-year regulatory review cycle.
While member business lending gets a lot of the attention, reducing regulatory burden continues to be a priority for CUNA, according to CEO Bill Cheney.
By all accounts, Nadine Vichich is looking forward to the retirement that will be coming her way sooner rather than later.