Maine credit unions were featured in the local media last week discussing how the Financial CHOICE Act will help them better serve their members.
Credit union leaders joined Rep. Bruce Poliquin (R-Maine) was in Bangor Friday to talk about the bill, passed by the House last week.
“We were collectively lumped into the same category as the money center banks on the vast majority of regulations, proven ultimately to be harmful to the very consumers it was intended to protect,” said Kyle Casburn, president/CEO of Seaboard FCU, Bucksport, Maine, told WABI-TV 5. “The CHOICE Act will reasonably provide relief in many areas to Maine’s credit unions to the benefit of our members.”
“It removes red tape, it makes it easier for our families and small businesses to borrow money, and as a result, it creates more jobs,” Poliquin added.
The CHOICE Act passed the House and is expected to be considered by the Senate.