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Wisconsin Bankers Call Attack on CRA Bill as 'Spin'

MADISON, Wis. -- In separate actions Tuesday, the Wisconsin Bankers Association insisted Tuesday a bill introduced last week to impose Community Reinvestment Act rules on credit unions has plenty of staying power this session while also moving to amend the measure eliminating CUs under $100 million.

By Jim Rubenstein | Updated on March 04, 2008

MADISON, Wis. — In separate actions Tuesday, the Wisconsin Bankers Association insisted Tuesday a bill introduced last week to impose Community Reinvestment Act rules on credit unions has plenty of staying power this session while also moving to amend the measure eliminating CUs under $100 million.

Without explaining changes to the bill, the WBA said the proposed measure would now apply only to those “large, nontraditional Wisconsin credit unions required to document efforts to serve lower income and minority consumers.”

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