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.
Community banks trade group includes focus on credit union tax exemption,
Independent Community Bankers of America also vow to fight raising of member business lending cap.
Those online find-a-credit-union-or-bank search services are still getting a workout post-Bank Transfer Day.