A Quote by Sherrod Brown

Democrats are ready, willing, and able to provide regulatory relief for community banks and credit unions. — © Sherrod Brown
Democrats are ready, willing, and able to provide regulatory relief for community banks and credit unions.
People with banking experience haven't all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions, have some very talented people.
There could be a 'community of communities' rather than a state. They would be united in some way but without any governing body. It would be made up of unions, credit unions instead of banks. There would be no more lending at interest. There would be no more money lenders.
For small community banks and credit unions, like those in Central and Northern Wisconsin, the hundreds of new rules will require an estimated 2,260,631 labor hours just for compliance. Those are hours that your local bank or credit union will spend dealing with some Washington bureaucrat instead of focusing on the needs of customers like you.
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
Many small businesses rely on small financial institutions, like credit unions and community banks, to meet their capital requirements. Without them, these small businesses would have to close their doors.
If credit unions can grow and prosper with a 15 percent cap, so can banks.
When you look at the money spent by labor unions for Democrats, it comes as no surprise the Democrats crafted a campaign-finance 'disclosure' bill with the thresholds adjusted to exempt unions.
The truth is that the banks that are really hurting under Dodd-Frank, really getting no relief, are the community banks.
Credit unions are often a better deal than banks and tend to pay higher yields on deposits.
Every regulatory speech on derivatives takes a bow to their hedging 'benefits.' Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks' troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.
Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities if we don't constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.
As a country, we can make the commitment to provide quality long-term services - so that getting care doesn't depend on whether you are fortunate enough to have a loved one willing and able to provide it.
I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
No one lives on credit in France because banks don't allow overdrafts and zero percent credit cards do not exist.
Everybody was a democrat where we grew up. It was a blue-collar town and the democrats represented the working class and the unions. But very, very super-conservative Catholic, very proud immigrant community, very stoic.
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