GARY G. MILLER: “Credit unions have done a great job reaching middle-class and underbanked families through credit.”

There is no question that robust capital standards, when properly applied, will help protect our economy.

But when we proceed with caution, such standards can actually be detrimental to our economy if not properly applied.

The environment within which the regulators work today should basically encourage innovation and growth rather than to stifle it.

For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.