Filene White Paper Says Regulatory Costs Are Driving the Increase in Mergers

The Filene Institute has published a report that looks at the increasing merger trend among US and Canadian credit unions and finds that the primary driving force is the increasing costs of regulatory compliance, particularly for smaller institutions. The report concludes that the increasing burden, especially from the “one size fits all” approach taken by the regulators, will likely result in credit unions being either “fundamentally disadvantaged” or behaving more like commercial banks. [6/13/14]