Another View: Bank, CU overregulation costs millions, hurts consumers
Foster’s Daily Democrat, New Hampshire
March 13, 2018
New Hampshire consumers and small businesses depend on credit unions and community banks for the loans they need to affordably finance big-ticket items like homes and cars — or to keep their small businesses running. New Hampshire credit unions serve more than 633,000 member owners in the state with high quality, low-cost financial products, but we could do even more to help the economy if we weren’t under such a burdensome regulatory framework.
Fortunately, Congress will soon have the chance to lift this regulatory burden by passing S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would ease burdensome regulations on community banks and credit unions. Our Senators Jeanne Shaheen and Maggie Hassan have a great opportunity to help New Hampshire by supporting this bill.