Las Vegas Sun

November 12, 2009

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Editorial: Time for big banks to concede they’ve lost

Sunday, Jan. 10, 1999 | 9:24 a.m.

It's a stretch, though, to believe that big banking interests have such a concern for small credit unions. The reality is they are simply trying to prevent this legislation from taking effect because they fear it will hurt their bottom line.

Americans rely on credit unions for a source of accessible loans they otherwise might not be able to get from large banks. This legislation will allow millions, including employees of small businesses, to get lower-cost loans from credit unions. Banks need to acknowledge they've lost. It's time for them to stop thwarting the will of Congress.

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