WASHINGTON - CUNA has filed a Freedom of Information Act (FOIA) request seeking documents and records submitted by banking trade groups in the development of the Treasury Department’s “Blueprint for a Modernized Financial Regulatory Structure,” better known as the plan calling for consolidation of numerous financial regulators, including NCUA.
Specifically, the FOIA request seeks documents submitted by the American Bankers Association, the Independent Community Bankers of America, and America’s Community Bankers (before it was merged into the ABA), and documents and records internally developed by Treasury in communication with the banking trade groups. “The Treasury’s release of the Blueprint has been the subject of widespread reporting in the media, subject to widespread public outrage, and also subject to speculation regarding whether special interests influenced its development and writing,” wrote CUNA General Counsel Eric Richard in a letter to Treasury. Richard added he was requesting “expedited processing” of the documents and records.
