Heather AndersonOn Wednesday, Sen. David Vitter (R-La.) told his NAFCU Congressional Caucus audience credit unions and community banks should set aside their differences and work together to advance regulatory relief.

Specifically, he suggested credit unions abandon their attempts to raise the member business lending cap. Likewise, he said he tells community bankers to ease up on their efforts to eliminate the credit union tax exemption.

I'm glad I was clear across the country in Las Vegas, attending the ACUMA Conference. Had I been in Washington as originally planned, I would have mortified the NAFCU delegation and probably been escorted out, because I would have stood up, booed loudly and possibly thrown something.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.