Letter: This bill helps credit unions. Please support it
Dec. 22, 2017
Wall Street isn’t working for us. Main Street is trying, but we need help.
This month, The Economic Growth, Regulatory Reform and Consumer Protection Act was advanced in the U.S. Senate with strong bipartisan support. This common-sense legislation will go a long way toward giving community financial institutions some needed relief from rules put in place to curb practices that credit unions and community financial institutions never engaged in. This legislation will help to push back against a regulatory climate that treats the biggest banks the same as community credit unions, and allow credit unions to do what they do best: serve their communities.
As the President and CEO of Minnesota’s Credit Union group, on behalf of Minnesota’s credit union leaders, it’s time to balance the table in the regulatory environment.