Becker, Cheney Weigh In on Regulatory Relief
WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
That’s the message that the leaders of CUNA and NAFCU conveyed at the Nov. 16 hearing on a bill aimed at helping small financial institutions.
Salvatore Marranca, chairman of the Independent Community Bankers of America, replied, “We are not where they are.” He explained that comparing regulatory relief for banks and raising the cap on member business loans is “comparing apples and oranges.”
Waters replied, “We can mix them.”