CUNA Expresses Concerns About Reg. D Transaction Limitations

CUNA has sent a letter to the Federal Reserve Board, the FDIC, and the OCC in which it states that the transaction limitations on savings accounts have outlived their initial policy purposes and adversely affect credit unions’ ability to serve their members.  In addition, CUNA expresses concerns about proposed changes to Reg. CC that could pose challenges for RDC transactions. [5/14/15]