New leader cites “creeping burden” of regulatory requirements, group delineates cost of compliance with financial overhaul An occasional series of excerpts highlighting recent testimony delivered at House and Senate hearings by association leaders.Bill Cheney, president and CEO of the Credit Union National Association, testified March 2 before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services, on the effect of the Dodd-Frank Act on small financial institutions and small businesses. [...] As you know, credit unions are not-for-profit financial cooperatives; the only owners of a credit union are its members, who… Read More