The Daily Caller

The Daily Caller

Senators: Ignore bankers’ bluster and let credit unions help small business

Photo of
Bill Cheney
President and CEO, National Credit Union

Here’s a fact: Banks today have about 95% of the small business lending market. Yet you would think it was 0.95% the way they have been carrying on in opposition to a bipartisan bill that would let credit unions do more small business lending. While U.S. senators are at home for the next two weeks, they will be hearing from credit unions and small businesses — lots of them — to clear away the bankers’ bluster and redirect the focus of this issue to where it belongs: on helping the nation’s small businesses.

To create jobs, raise credit unions’ arbitrary lending cap

10:32 AM 09/08/2011

Should the president go big or small when he unveils his job-creation proposals in Thursday night’s speech before a joint session of Congress? You’ve heard the debate: Focus on large-scale, high-dollar initiatives that will galvanize the president’s base but surely hit a wall of opposition in the GOP-controlled House? Or promote smaller-scale initiatives that can gain bipartisan consensus and actually become law?

Thought for Small Business Week: Let credit unions make more small business loans

10:39 AM 05/18/2011

Consumers always benefit from choice in the marketplace. Small businesses are no different; that applies to their financing options, too. It’s a point worth remembering during this National Small Business Week. And it is an important reason Congress should stop delaying and pass legislation to raise the arbitrary cap that now constrains credit unions’ small business lending.

New rules on debit interchange fees could hit Americans’ wallets

12:51 PM 12/14/2010

Late last week, 13 senators signed and sent a letter to Federal Reserve Board Chairman Ben Bernanke. The letter wasn’t about headline-dominating issues of interest rates, deficit reduction or extending the Bush tax cuts. The letter cautioned Chairman Bernanke about action he and his fellow Federal Reserve Board of Governors are scheduled to take this week -- which, if not done properly, will have a troubling impact on the wallets of millions of consumers across the nation.

Give me that credit union business lending

9:08 AM 09/07/2010

If I told you I had a plan that would help create hundreds of thousands of new jobs, inject billions into the economy, is supported by conservative, liberal and business groups, and wouldn’t cost the taxpayers a nickel, what would your response be?