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Lawmakers Praise Work of CUs and Pledge More Regulatory Relief

WASHINGTON -- Democrats and Republicans here don't agree on much these days. But the bipartisan group of lawmakers who spoke at NAFCU's Congressional Caucus extolled the work of credit unions before and during the current financial crisis and promised to help them do more by passing regulatory relief.

By Claude R. Marx | Updated on September 23, 2008

WASHINGTON — Democrats and Republicans here don’t agree on much these days. But the bipartisan group of lawmakers who spoke at NAFCU’s Congressional Caucus extolled the work of credit unions before and during the current financial crisis and promised to help them do more by passing regulatory relief.

Congressman Paul Kanjorski (D-Pa.), one of the leading supporters of credit unions in Congress, said regulatory relief for credit unions will help them save the American economic system and thereby help save America from its economic slump.

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