Anderson Trucking: A Minnesota Success Story

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Mr. EMMER of Minnesota. Mr. Speaker, I rise today to recognize Anderson Trucking Service for their impressive 60 years of business.

The founder of Anderson Trucking, Harold Anderson, grew up in the transportation industry and began hauling granite with his father. In those early years, Harold developed a strong interest in machinery and driving. So it was no surprise when he chose to pursue a career in trucking.

Harold officially started Anderson Trucking Service after he returned home from World War II. The company is now run by Harold's sons, Rollie and Jim, as well as his grandsons, Brent and Scott.

Over the years, Anderson Trucking has grown and prospered, but the Anderson family has never forgotten their roots. The company and the Anderson family represent the best St. Cloud and central Minnesota have to offer. The customer service of Anderson Trucking is only matched by the community service provided by the Andersons and their great employees.

Today Anderson Trucking has thousands of rigs, hundreds of drivers, and has driven millions of miles. The Andersons, however, do not just measure success by the number of miles driven or the number of deliveries made, but also by the high level of the customer service that the company provides.

For the past 6 decades, this international transportation company has successfully and safely delivered freight to their valued customers.

We look forward to seeing the continued success of Anderson Trucking for this generation and generations to come.

Congratulations on your first 60 years. Preferred Credit, Inc., Embodies Minnesota Nice

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Mr. EMMER of Minnesota. Mr. Speaker, I rise today to recognize Preferred Credit, Inc., of St. Cloud, Minnesota, for winning a Torch Award for Ethics from the Minnesota Better Business Bureau.

Preferred Credit was established in St. Cloud in 1982 and quickly realized their goal of becoming one of the preferred finance companies for the direct sales industry throughout the United States. This outstanding Minnesota company accomplished this goal by giving their clients the best possible customer service and building strong, personal relationships.

The way Preferred Credit achieves success is evidence of how deserving they are of this award. The Torch Awards are meant to recognize companies that go above and beyond for their customers, employees, vendors, and community.

I would like to congratulate Preferred Credit, Incorporated, for receiving this prestigious award and for representing what Minnesota is all about.

Thank you for everything you have contributed to the St. Cloud community and to the great State of Minnesota. We would not be where we are today without great businesses like yours. The Backbone of Minnesota Small Business and America

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Mr. EMMER of Minnesota. Mr. Speaker, I rise today to discuss overregulation.

Chair of the Federal Reserve, Janet Yellen, recently said that small community banks really are suffering from regulatory overload. I absolutely agree.

Community banks and credit unions are struggling with excessive and overly burdensome regulation.

Today 17 of my colleagues on the House Financial Services Committee and I sent a letter to the Consumer Financial Protection Bureau, better known as the CFPB, regarding the most recent addition to the pile of regulations harming consumers and community financial institutions, the newly revised Regulation C.

Regulation C requires most banks and credit unions to collect new personal data on loan applications beginning January 1, 2018. This regulation essentially doubles the current requirements triggered by Dodd-Frank.

The CFPB, without adequate justification of need, now wants personal information, including business or commercial information, property values, property addresses, credit scores, and interest rates. This appears to be a government agency fishing expedition that should raise serious concerns relating to our personal privacy and liberties.

This significantly higher regulatory hurdle means community financial institutions will have to allocate more of their limited resources to deal with Washington's red tape, rather than providing loans to families and businesses in Minnesota.

It is my hope that the CFPB will exempt small community financial institutions from this new burden, or we will have to work to draft legislation that will help our small community banks in Minnesota because, as I often say, Mr. Speaker, what is good for Minnesota is good for America.

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