The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups
A new bill from Senator Richard Durbin (D-IL) introduced in late July, the Credit Card Competition Act, is drawing the attention of the credit union industry, and not in a good way reports Esteban Camargo.
House Dem Credit Union Bill Has Bankers, CUs Fired Up
As the House Financial Services Committee prepares to consider legislation that would allow all federal credit unions to add underserved areas to their fields of membership, the war of words between banks and credit unions has ratcheted up once again, reports David Baumann of the Washington Credit Union Daily.
Community Coalition Joins Banks in Blasting Credit Unions
The National Community Reinvestment Coalition joined the American Bankers Association and the Independent Community Bankers of America in telling Congress that credit unions are not fulfilling their mission and are not sufficiently accountable to the communities they serve, reports David Baumann of the Washington Credit Union Daily.