Scott Simpson, president and CEO of America’s Credit Unions, which is a national trade association representing credit unions, called on Congress to continue deregulating the credit industry to help everyday Americans, while praising the Trump administration for leading in that deregulatory effort.
\n\nSimpson took to the stage with Breitbart News Finance and Economics Editor John Carney on Tuesday at the Breitbart News “State of the Economy” policy event in Washington, DC, which featured Treasury Secretary Scott Bessent.
\n\nBreitbart News Finance and Economics Editor John Carney (left) interviews President and CEO of America’s Credit Unions Scott Simpson at the Breitbart News “State of the Economy” policy discussion on Tuesday, September 8, 2026, in Washington, DC. (Dan Fleuette)
\n\nAfter sounding the alarm to the live audience about cybersecurity and consumer finance concerns associated with the Credit Card Competition Act, Simpson delivered a message on what Congress should do besides killing that proposed bill.
\n\n“If you don’t have the capacity to earn for a credit union, we lose the capacity to lend. And when you lose the capacity to lend, you’re pulling back from consumers. Which means you can’t lend deeper into credit risk profiles, and regular folks will be left to the…
Original source: https://www.breitbart.com/economy/
