Community bank lobby signs up supporters opposed to raising credit union member business lending cap.
The banking lobby has drawn what it hopes is a powerful sword in its crusade against an increase in the member business lending cap: taxes.
Most consumers want important transactions paid by their financial institution even if those transactions result in an overdraft, survey shows.
The community bank lobby says letting FDIC’s transaction account tag insurance expire would disproportionately affect their constituencies.
The bank lobby took the opportunity Friday to point to a credit union failure as a reason to keep the current MBL cap.
Treasury Department planning to sell or restructure bailout loans to small banks to recover taxpayer money.
Report cites non-performing assets and says nearly half of community banks in TARP program are not current on their own paybacks.
The competition for credit unions is out in force this week on Capitol Hill and its agenda is clear.
Regarding the Editor’s Column [“Congress: Expand CU Business Lending Now,” April 4 issue].
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.