CU's React to Banking Overhaul
Paranoid CUNA Requests Documents of Banker Involvement in Blueprint ...
WASHINGTON - The Credit Union National Association submitted on April 3rd a Freedom of Information Act (FOIA) request seeking documents and records submitted by banking trade groups in the development of the Treasury Department's "Blueprint for a Modernized Financial Regulatory Structure." CUNA's General Counsel Eric Richards wrote: "[t]he general public and nearly 90 million credit union members have a right to know if special interests have attempted to influence Treasury policy ...in order to eliminate not-for-profit cooperative financial institutions, limit consumer choice in financial services, and deregulate the American depository institution sector in an unsafe and unsound manner."