When it comes to the level of regulation of banks and credit unions, CUNA President/CEO Bill Cheney and NAFCU President/CEO Fred Becker plan to tell lawmakers on Wednesday that less is more.
Both trade association chiefs are endorsing parts of a bill that would provide regulatory relief to banks but want more benefits for credit unions.
They are also using the occasion of a joint hearing of the House Financial Services Committee's Subcommittee on Capital Markets and Government Sponsored Enterprises and the Subcommittee on Financial Institutions and Consumer Credit to make another pitch to raise the cap on member business loans.
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