TAYLOR, Mich.-Phillip Matous wants to make sure legislators in his state understand the real "weight" of the regulatory burden credit unions are bearing.
That's why the CEO of the $54-million Total Community CU recently mailed off copies of the 1,099-page CFPB request for comment on its proposed combined mortgage disclosure rules to Reps. John Dingell and Gary Peters and Sens. Debbie Stabenow and Carl Levin. "I did this just to point out the ridiculousness of the size of the regulations we have to deal with. It's impossible to give an honest answer to the request they are making when they are asking for everything under the sun."