Wednesday's Scenes from the GAC
Members of Congress address the more than 4,400 attendees in D.C.
Rep. Peter King, D-N.Y., thanked credit unions for their great service during Super Storm Sandy and was clear in his support. “A tax on credit unions is a tax on the 99 million Americans who use credit unions," he said.
Rep. Bruce Braley, D-Iowa, takes great pride in having placed his campaign funds into a credit union. “It was a deliberate decision,” he said, “based on my beliefs and convictions.”
“We’ve learned that a one-size-fits-all Washington regulation regime is not in the best interest of consumers,” noted Rep. Shelley Moore Capito, R-W.Va.
When one considers the Target breach, it’s the merchant who ends up costing the system and customers a lot of time and money, said Rep. Ed Perlmutter, D-Colo.: “We have to take a close look at this.”
Rep. Steve Stivers, R-Ohio, told credit unions, “You deserve access to the Federal Home Loan Bank.” He also was quick to point out his pride as a co-sponsor of California Republican Rep. Ed Royce’s bill on member business lending.
Millions of American families and businesses rely on fair and equal access to the financial services you provide, noted Rep. Mark Udall, D-Colo. His bill, The Small Business Lending Enhancement Act, is designed to help.