Cover for the PYMNTS and PSCU April 2023 "Credit Union Tracker: Changing Regulatory Landscape Brings Member Focus to Credit Unions"

Credit Unions Keep Open Dialogue With Lawmakers in Wake of Banking Turmoil

Changing Regulatory Landscape Brings Member Focus to Credit Unions

Credit unions go on the offensive on the heels of the recent Silicon Valley Bank collapse as they brace for likely regulatory changes, says California Coast Credit Union’s Todd Lane. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.

Inside the April Tracker

  • Developing relationships with legislators to amplify CUs’ voices on regulatory issues is a must to stay competitive, according to California Coast Credit Union President and CEO Todd Lane.
  • With the Consumer Financial Protection Bureau’s fate hanging in the balance, there are several new regulations for which credit unions must prepare.
  • Regulators are moving to protect consumers on many fronts as credit unions look to avoid an abrupt changeover to open banking.

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