Rhode Island Regulatory Advocacy
Credit unions have to remain diligent to protect our cooperative structure and the interests of members so that regulations do not become so overbearing that credit union service as we know it and as members expect it is lost. Continually, the Association hosts dialogue with the Banking Division of the Rhode Island Department of Business Regulation (“DBR”). These meetings provide a prime opportunity to receive a local briefing on the health of credit unions, key examination issues and to engage state regulators on operational, compliance and policy issues. Networking opportunities with credit union peers, together with DBR staff, are also an integral part of roundtables.
Credit unions are subject to state regulations that govern the full range of their operations. In addition to the primary credit union regulator, credit unions must be well informed about the regulations promulgated by a wide variety of other governmental agencies. The Association goes far beyond reporting on new initiatives, taking a proactive role in assisting credit unions to work with regulators to build a regulatory environment that will benefit and protect credit unions and their members. Anticipating regulatory change, promoting dialogue between credit unions and regulators, interpreting existing regulation, and acting as an advocate for credit unions in regulatory forums are vital services delivered by the Association.
Contact the Association at 800-842-1242, option 8, or email@example.com with any questions or concerns.
Rhode Island Advocacy
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