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Financial groups urge regulators to update outdated rules, citing innovation and compliance concerns.
On October 10, 2025, multiple financial organizations urged federal regulators to modernize outdated rules.
The CPAC Foundation Center for Regulatory Freedom and ALM First Financial Advisors called on the NCUA to reduce regulatory burdens on credit unions, citing inefficiencies and barriers to innovation.
The Innovative Payments Association and the MD|DC Credit Union Association submitted comments to the CFPB opposing aspects of its proposed Personal Financial Data Rights rule, expressing concerns over data sharing, security, compliance costs, and operational impacts—especially for smaller institutions.
All agencies are reviewing public input as part of ongoing rulemaking processes.
Los grupos financieros instan a los reguladores a actualizar las normas obsoletas, citando preocupaciones de innovación y cumplimiento.