Oak Tree was recently featured in the CU Times with an article explaining how the new Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155) will affect your credit union. It goes on to explain the benefits and positive impacts of the new law and what to expect now that it has been implemented. Check out this snippet:
So what does the passing of S. 2155 mean for credit unions? Ultimately, it means they will be able to focus more on the business of running a credit union, rather than funneling financial resources and employee time to ensure regulatory requirements are kept.
Read the full text here!