Trump vs. Harris: What It Means for Banks and Credit Unions

American Banker
Monday, July 22, 2024

"American Banker's Claire Williams writes that despite Harris' stances on past legislative efforts, it remains uncertain how she would tackle future economic matters if elected as the country's first female president. Nevertheless, the next president will possess substantial sway over the course of economic and banking policy in the near future.

Some executives say that it's likely Harris would continue in line with the current administration's direction on banking regulations.

'In contrast to Trump's approach, which favored deregulation and a more hands-off approach, Harris' administration would aim to implement stricter controls and oversight to protect consumers and ensure financial stability,' said Rick Kuci, chief operating officer for the New York-based small business funding fintech FundKite."