LETTER: Credit unions need relief
Panama Cty News Herald
Mary Ott Wood
March 7, 2018
Time is running out for the flawed system that has hurt credit unions and small banks while allowing Wall Street to flourish.
That’s why more than 20 senators, both Republicans and Democrats, support S. 2155, the Senate Economic Growth bill, commonsense legislation that will help Main Street credit unions and small banks better serve consumers.
This bill will increase access to affordable mortgages, which will help millions of Americans build equity while supporting a housing market still recovering from the economic crisis. It would also increase the amount of capital available for credit union small business members to allow more Americans to invest in themselves and in their communities. And it would add important consumer protections, all while leaving current consumer protections in place, especially protections against Wall Street.
We need this relief for Main Street to better serve our members. I hope that both Sens. Bill Nelson and Marco Rubio will co-sponsor this legislation and support it when it comes to a vote.