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."

In a letter that accompanied the mailing, Matous stated: "I hope that by seeing the ponderous size of the enclosed CFPB 1,099-page proposed rule concerning RESPA and Truth in Lending, you can appreciate the damage current regulations are having on our democracy and republic."

Matous also questions the role of the CFPB, pointing out its director can request at will up to $423 million from the Fed.

"He only has to submit a budget to Congress after that operational year is over, not before the year begins, and Congress forbids itself from questioning the expenses of the CFPB. How is Congress protecting our tax dollars? If Congress forbids itself from reviewing the CFPB's actions, what truly is the intent of the CFPB? What is Dodd-Frank really protecting?"

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