The American Bankers' Association has suggested some credit unions should be forced to become banks.
First Dan Mica went and he will soon be followed by Edward Yingling.
Yesterday's financial services regulatory overhaul deal to force banks to fund the FDIC's return from a 1.15% equity ratio to 1.35% has the American Bankers Association asking what about the NCUSIF.
CUNA wants any consumer financial products regulator not to have any examination powers for any credit union while the ABA wants no new consumer regulatory agency.
"The president has talked on a number of occasions about ensuring that the money that tax payers put up to rescue our financial system is paid back in full."