Credit Union Regulation


As the leading voice for credit unions that serve low- and moderate-income communities, the Federation monitors the development of regulatory policies and rules from the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), the Federal Reserve, and other regulators.

Why It Matters

Debbie Matz

In order for CDCUs to deliver safe and affordable services in some of the poorest communities in the nation, the Federation works closely with legislators and regulators to try to establish a rational and cohesive regulatory environment that enables them to attract outside capital and meet compliance requirements without inhibiting their operations.

The Federation approach is to develop lasting working relationships with the agencies that execute financial industry rules and regulations to ensure that new rules and regulations do not inadvertently drive responsible institutions from the marketplace.

National Credit Union Administration: Credit unions operate within a number of overlapping regulatory frameworks.  NCUA is the chief regulator for most credit unions, but other federal, state and local agencies can have considerable impact on credit union operations.

Consumer Financial Protection Bureau: Established in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act , the Consumer Financial Protection Bureau (CFPB) provides essential federal oversight of the financial services industry to protect consumers in the financial services marketplace. This role is critical to protecting the rights of our country’s most vulnerable populations, the poor and historically financial disenfranchised communities. But with the sheer volume of regulations promulgated by the CFPB, it is critical that credit unions have a voice in the formulation and enforcement of new rules to ensure that responsible institutions are not squeezed out of the marketplace. The Federation is actively engaged at all levels of the CFPB, advocating for greater curbs on predatory practices while ensuring responsible lenders can still afford to remain in compliance.

Let your voice be heard.  Tell us about a policy concern or opportunity that affects your credit union. Contact us at advocacy@cdcu.coop.

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