Letter: ND credit unions and community banks need relief

Inforum, North Dakota
March 5, 2018

More than four in five North Dakotans rely 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.

In recent years, federal regulations intended to rein in Wall Street have made it difficult for Main Street financial institutions to lend to small businesses and families across North Dakota. All credit unions and banks operate in a regulated environment, but the increase in regulations since the financial crisis has been not only dramatic, but costly.

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