Dark Shadows was pseudo-scary. Hagel's Bill is truly scary. If you're frightened, do three things now. First: support legislation that strengthens financial oversight of the GSEs. Fiscal responsibility and adequate capital levels make sense. Second, oppose – strenuously – legislation that limits our ability as lenders to provide our members with affordable alternatives to housing finance. Everyday my credit union, BECU, offers members closing costs at least $3,000 lower than the major lenders in the area. Where do your Congressmen and Senators stand? Now is the time to find out. Third, stay close to legislative issues that potentially to restrict our ability to serve members. The banking industry isn't going to give up. We can't either.
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:
- 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
Already have an account? Sign In Now
© 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.