WASHINGTON – Sen. David Vitter (R-La.) told attendees of NAFCU's 2015 Congressional Caucus that community banks and credit unions need to set aside their longstanding disputes and instead focus on their common federal regulatory concerns.
In response to a question from a credit union executive about when Congress might take up the member business lending cap, Vitter (pictured) said credit unions should set aside that issue in light of the larger regulatory concerns they share with community banks.
Likewise, he said, he tells community bankers that they should set aside their abiding concerns about credit unions' federal tax exemption in favor of fighting regulatory burdens with credit unions.
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.
