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.
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