August 3 2025

Credit Union CEO to Testify on Increasing Regulatory Burden

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Doug Fecher,  CEO of Wright-Patt Credit Union, will testify for CUNA today before the House Financial Services Committee about the increasing cost of regulatory compliance and will cite the more than 108 new regulations that credit unions have been subjected to since 2008. The hearing will address a number of pending bills, including the American Savings Promotion Act, which would provide parity to financial institutions that want to offer raffle-related savings accounts, and the Regulation D Study Act, which would direct the government to conduct a study about the effectiveness of Regulation D. [7/15/14]

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