For possibly the first time, credit unions last week testified before a joint subcommittee hearing on the Communities First Act, legislation that was drafted by a former community banker primarily to benefit community banks. Kudos to the trades for getting the invites; that’s a first step toward gaining greater recognition...
WASHINGTON — While the topic was ostensibly a bill to raise the cap on credit union member business lending, credit unions and banks sparred over a range of subjects at an Oct. 12 House subcommittee hearing.
House subcommittee hears both sides of debate over raising the member business lending cap for credit unions.
WASHINGTON — Interchange is the tip of the regulatory burden iceberg.