WASHINGTON — House Speaker John Boehner promised that the Housewill work hard to ease the regulatory burden so credit unions canlend more money and businesses can create new jobs.
|The financial overhaul bill that was passed last year “willpunish everyone who had nothing to do with the Wall Street crash,”Boehner (R-Ohio) said in a speech at CUNA’s Governmental AffairsConference.
|He said the regulations triggered by the law would hurt creditunions' ability to provide credit.
|He didn't outline specific proposals to alter the bill anddidn't talk about debit interchange.
|Boehner also expressed concern about the spiraling national debtand criticized President Obama for not proposing enough spendingcuts.
|He said Obama “sunk from the challenge like an ice cream cone ona Phoenix street in July.”
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