I hope our Minnesota senators follow the example of some of their colleagues and lend support to the bipartisan regulatory relief bill known as the Economic Growth, Regulatory Relief and Consumer Protection Act (S2155), which was unveiled earlier this month.
As one of the authors of the Economic Growth, Regulatory Relief and Consumer Protection Act, Sen. Tester has put politics aside for the good of his constituents and declared that one-size-fits-all regulations aren’t helping community-based financial institutions and they certainly aren’t helping consumers.
At South Carolina Federal Credit Union, we have the privilege to serve as the primary lender and financial service provider to many of these small businesses and share firsthand in their challenges and successes.
A Senate committee Tuesday moved toward approval of bipartisan legislation to ease regulations on smaller banks.
Senator Mike Rounds: Our local banks and credit unions play an important role in helping our businesses thrive and our communities grow.