Setting the Record Straight on Regulatory Relief Legislation

It’s important to help mainstream media and consumers know that S. 2155 removes red tape for Main Street.

6/5/18

Picture of A person is wrapped up in red ribbon with the words Red Tape repeatedIn the after-glow of President Trump signing the Economic Growth, Regulatory Relief, and Consumer Protection Act, S. 2155, credit unions are preparing to rip off the red tape that has bound them too tightly since Dodd-Frank passed.

At the same time, mainstream media is buying into some opponents’ storyline that S. 2155 is repealing regulation that rightfully took aim at big banks and bad actors on Wall Street. Those reports miss the point that for credit unions and community banks, lending to Main Street will be easier.

Your Association is setting the record straight on this legislation, and at the same time thanking the champions who voted in favor of it. Troy Stang, NWCUA President and CEO, penned an Op-Ed for the Portland Business Journal, which could be used as a template to share your thoughts with local media and community organizations. Read his report online.