Today Senator Christopher Dodd (D-CT) made public his position on credit unions and their regulatory system. For some time Senator Dodd says indicated he doesn’t favor changing the regulatory structure of credit unions, but today he publicly made a statement to that effect at a Senate Banking Hearing about Strengthening and Streamlining Prudential Bank Supervision. Senator Dodd was told by Senator Merkley that in addition to community banks, credit unions are also concerned about being rolled into a single regulator. In response, Senator Dodd said that he wanted to make it clear that streamlining regulators shouldn’t apply to credit unions, and that credit unions are okay. In response to that statement, Senator Corker said “You have just given evidence to where the real political clout is” in reference to the influence of the nation’s credit unions on members of Congress.
Posts
0 comments:
Post a Comment