Credit Unions

Unintended consequences of Military Lending Act hurt some families

Congress originally passed the Military Lending Act in response to scandalous stories of predatory payday lenders who would set up shop around military bases and charge our servicemen …

Make the CFPB accountable by increasing presidential power

The Consumer Financial Protection Bureau—the brainchild of then-Harvard law professor Elizabeth Warren  created in the wake of the 2008 financial crisis as part of the Dodd-Frank Act—may finally …

Dodd-Frank reform must include repealing the Durbin amendment

Many of us know what a "seven-year itch" is. Between the famous Marilyn Monroe movie of the 1950s and the legendary Roseanne Cash song of the 1980s, it …

It’s time to kill the Durbin amendment

After six years of unfulfilled promises, it's time the Durbin amendment finally was repealed. A last-minute addition to the Dodd-Frank Act—itself a political overreaction to the financial crisis …

Coalition urges Trump administration to preserve the member business-lending rule of the National Credit Union Administration

Dear President-elect Donald J. Trump and Vice President-elect Mike Pence, As conservative, libertarian, and free-market organizations concerned about government regulatory overreach, we applaud the steps you and your transition …

Comments to NCUA on association common bonds

Dear Mr. Poliquin, My name is Eli Lehrer and I am president of the R Street Institute, a free-market think tank committed to finding real solutions to public-policy problems. I …

Letter to National Credit Union Administration

My name is Eli Lehrer and I am president of the R Street Institute, a free-market think tank headquartered in Washington, with offices in Tallahassee, Fla.; Austin, Texas; …

Shelby’s financial reforms could face problems on the floor

The Hill is reporting that the Senate Banking Committee's more moderate Democrats intend to vote against the financial services reform package put together by Chairman Richard Shelby, R-Ala., …

Credit unions should focus on the middle class

As the 2016 presidential and congressional elections draw nearer, credit unions and their representatives undoubtedly will be meeting with any number of potential candidates for office. For those …

Service, restrictions force CU fans to abandon CU

This piece was co-written by R Street President Eli Lehrer. We both love credit unions. The free-market think tank we lead considers them a vital part of America's financial …

R Street encouraged by preservation of credit union tax exemption in tax reform bill

WASHINGTON (Feb. 26, 2014) - The R Street Institute welcomed news that the credit union tax exemption is protected in the latest draft of the House Ways & …

A reminder: credit unions didn’t cause the financial crisis

The past several weeks have seen the fifth anniversaries of several of the epic failures of the 2008 financial crisis. There was the conservatorship of Fannie Mae and …

‘Don’t Tax Tuesday’ highlights social value of credit unions

WASHINGTON (Sept. 10, 2013) -- With Congress returning to session this week, the R Street Institute supports the goals of "Don't Tax Tuesday," today's online and social media …

Don’t tax credit unions…or community banks, either

With the suggestion box now clamped shut for the Senate Finance Committee's tax reform project, it bears pondering what the process is likely to mean for the future …

You can’t tax credit unions if they don’t exist

After enduring months of salvos from the banking industry, credit unions are fighting back. The above video from the Credit Union National Association, one of the industry’s two major …

R Street welcomes bill to loosen small business lending rules

WASHINGTON (May 16, 2013) – The R Street Institute applauds today’s reintroduction by Sen. Mark Udall, D-Colo., of legislation that would make it easier for small businesses to …

An agenda for regulatory reform: Think big (and small)

If they want to get serious about doing away with job-killing government regulations, congressional Republicans need to get practical about the battles they choose. Last session, Congress' deregulatory …

TARP report shows banks failed to boost small business lending

Forcing banks to lend to small businesses via the Troubled Asset Relief Program was simply never going to work, and now the evidence is in: on Tuesday, TARP’s …

R Street applauds reintroduction of small business lending bill

WASHINGTON (Feb. 14, 2013) -– The R Street Institute welcomed today’s introduction of federal legislation making it easier for small businesses to gain access to credit through the …

Conservative coalition urges killing ‘TAG’ bank bailout

WASHINGTON (Dec. 10, 2012) – In a letter to Sens. Harry Reid, D-Nev., and Mitch McConnell, R-Ky., representatives of 14 conservative, libertarian and free-market groups call on the …

R Street urges Senate to consider expanding small business credit

WASHINGTON (Dec. 5, 2012) -- Legislation to expand credit union member business lending should not be tied to a proposed extension of the Federal Deposit Insurance Corporation’s Transaction …

A Christmas wish for small business: More credit, please

It’s no secret that small businesses across America, as of late, have had to adapt or die.  They have been tightening-up operations, becoming leaner and more efficient, awaiting …

Credit union lending bill would help small firms

(This piece was co-authored with John Arensmeyer, chief executive officer of the Small Business Majority.) A look at the numbers makes it clear that America's economy relies on small …

R Street seeks to dispel credit union business lending myths

WASHINGTON (Nov. 26, 2012) -- As Congress prepares to vote on S. 2231, a measure that would liberalize member business lending rules for credit unions, R Street Institute …

Report outlines small businesses’ credit woes and possible solutions

WASHINGTON (Sept. 12, 2012) -- Small business owners create the majority of new jobs in this country, but are still struggling to play their role as our primary …

Small business credit still a problem

PDF Download Text American small businesses create 65 percent of all net new jobs and employ roughly half of all workers in the private sector. According to the …

Bank Transfer Day haul: 40,000 members, $80M in deposits

Though final numbers likely won’t be available until the National Credit Union Administration releases call report data for the fourth quarter,  an initial survey by the Credit Union …

Will Bank Transfer Day matter?

In what might well prove to be one of the most significant real world consequences of the Occupy Wall Street movement, tens of thousands of Facebook members have …

Top



Print Friendly and PDF