We can all breathe a sigh of relief that the elections are finally over. The campaign sniping on the television and the intrusive robo-calling is done. Now, we have to get down to what it all means for credit unions.
The Massachusetts Credit Union League made the somewhat controversial choice of backing Elizabeth Warren, mother of the Consumer Financial Protection Bureau, in her successful campaign for the Senate. Not only did she win, but she also highlighted her support of credit unions during her acceptance speech. She included her "love" for credit unions among a list of key supporters, adding, "All of you have my back, and I promise you, I'll have your back."
How that translates into action will be interesting to say the least. I have no doubt she sees credit unions in her state as strong allies and the good guys that got caught up in the fixes created for the less-than-savory dealings of the larger, more aggressive financial services providers. However, her long and significant background indicates her strong support of consumer protectionism above all else.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
