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Charges Fly in Wisconsin CRA Fight

PEEWAUKEE, Wis.--Embroiled in a legislative spat with bankers over a bill to introduce Community Reinvestment Act rules for CUs into the state, the Wisconsin Credit Union League Tuesday called banker tactics an attempt to put CUs out of business and "take them over."

By Jim Rubenstein | Updated on March 11, 2008

PEEWAUKEE, Wis.–Embroiled in a legislative spat with bankers over a bill to introduce Community Reinvestment Act rules for CUs into the state, the Wisconsin Credit Union League Tuesday called banker tactics an attempt to put CUs out of business and “take them over.”

The latest volley from the league attacking what it called the banking lobby’s “bait and switch” strategy to zero in on large CUs and their low-income offerings followed an earlier exchange of press releases marked by one Monday from the Wisconsin Bankers Association claiming lawmakers now have “proof” CUs are failing the underserved.

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