Brad Douglas: Bill needed to help credit unions, small banks
Mar. 1, 2018
Credit unions and other small financial institutions help our communities in Kansas thrive and grow.
Small businesses that provide key services to consumers and serve as the backbone of our communities depend on credit unions and small banks to provide the loans they need to succeed. Consumers also count on these small community-based financial institutions when they need a car loan or a mortgage.
Getting these loans to the people who need them most has become harder and harder, due to regulatory restrictions on local financial institutions. It’s time to right-size regulations and fix the unintended consequences created by Washington bureaucracy.
The Heartland Credit Union Association and the credit unions in Kansas applaud Sen. Jerry Moran for leading the way as an original co-sponsor of Senate bill 2155, the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act.
This common-sense bill is supported by U.S. Senators from both sides of the aisle. It delivers on its promises and keeps important consumer protections in place while allowing community-based financial institutions – like credit unions – to do their job and improve the financial well-being of the working families they serve.