I think we are worried that there could be regulation that allows for that. What they want by disclosure is to make sure that the credit union sector is appropriately communicating to the public who regulates and who provides deposit insurance. There are myriad ways that credit unions do that now. It is entirely possible to standardize that through a voluntary approach and to avoid any more prescriptive approaches that could otherwise be taken.
On May 8th, 2018. See this statement in context.