ACI Sends a Letter to Congress: Please Protect Consumer Credit

Dear Speaker Pelosi, Leader McConnell, Leader McCarthy, and Leader Schumer: As a group representing millions of consumers and taxpayers, we fully understand the difficult plight affecting the vast majority of Americans due to the COVID-19 pandemic, and we support public policies that will bring them temporary tax and regulatory relief. However, we are strongly opposed […]

ACI in Real Clear Policy: Overcoming the Skills Shortage

If President Trump and the Congress move forward with tax reform, U.S. businesses stand to gain trillions of discretionary dollars from lower tax burdens, repatriation of their net profits held overseas, and incentives that would permit the expensing of capital investment. While this would give American businesses the capital they need to buy more equipment, […]

ACI Applauds the Conference of Mayors Support for the Credit Union Small Business Jobs Bill

At the 80th Annual Conference of Mayors, held in Orlando Florida this June, the mayors approved a resolution in support of the Credit Union Small Business Jobs Bill.  Our research shows that small businesses would benefit from the bill by providing access to capital, encouraging investment and creating small business jobs.  We appauld the Conference of Mayor for adopting this […]

Be Careful When Crying Wolf

If you have a lick of sense and are in the banking business, you’ll be very careful about attacking small, well-behaved competitors.  The public has not forgotten the banks’ outrageous overdraft fees, the low account balance fees, scams surrounding foreclosures, the unwillingness togive mortgages, and the deeply resented TARP – almost a trillion dollars the […]

Maybe the Banks Should Support the Credit Union Act

Congress is considering the Federal Credit Union Act, S.2231, which would give small businesses access to much needed capital – approximately $13 billion in additional loans.  This would be accomplished by raising the current cap on small business lending by credit unions from 12.25 percent to 27.5 percent, subject to safeguards and monitoring.  Proponents of […]

The Hill’s Congressional Blog: Improving Small Business Access to Private Capital Will Create Jobs

On the surface, last month’s economic indicators introduce a dose of positivity into the market: the private sector added 200,000 jobs and the unemployment rate dropped to 8.5 percent, its lowest point since February 2009. But take a closer look and you’ll see that small businesses are still struggling to catch up, as tight access […]