Putting America Back to Work! Job Fair

Paul Gentile, CEO of the New Jersey Credit Union League, discusses the role of credit unions as alternatives to traditional banks, highlighting their competitive rates and lower fees. He addresses the challenges posed by a national law limiting credit unions' lending to small businesses, capped at 12.25% of their assets. Gentile advocates for a bill to raise this cap to 27.5%, potentially creating 140,000 jobs and injecting $13 billion into the small business market. He contrasts credit unions' responsible practices with banks' risky behaviors post-2008 financial crisis.

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