On February 28, the National Association of Federally-Insured Credit Unions (NAFCU) sent a letter to Treasury Secretary Steven Mnuchin urging him to use his position as chairman of the Financial Stability Oversight Counsel to alleviate the CFPB’s “burdensome” regulatory impact on credit unions. The letter, among other things, urges the Secretary and FSOC to use the Counsel’s authority to set aside CFPB regulations as leverage to “spur renewed dialogue between the Bureau and the federal banking agencies regarding rules that may actually pose systemic risk to the financial sector.” The NAFCU attached an appendix to the letter listing 10 CFPB rules that the group finds “ripe for further review.” The letter was sent a day before FSOC’s March 2 executive session—its first under Secretary Mnuchin. Separately, the CUNA is holding its annual governmental affairs conference in Washington this week, bringing in 5,000 credit union advocates from around the country.