https://www.creditunionupdate.com/regulation/creds-response/ Fri, 27 Apr 2018 19:57:34 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://www.creditunionupdate.com/regulation/creds-response/#comment-182 Sat, 26 Sep 2015 23:59:57 +0000 http://www.creditunionupdate.com/blog/?p=690#comment-182 I have read your submission and agree with every point you have made. I think a major point of your submission is that implementation of this proposal would be anti-competitive in that credit unions would be treated in a less favourable way than other financial institutions. As credit unions had no part to play in the banking fiasco it is absurd that they should be treated in such a way, with such restrictions on their deposits and loans, that implies that credit unions are “risky” compared to banks. Implementation of these proposals will damage the reputation of the whole credit union movement and will hinder the development of larger credit unions.

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