WASHINGTON — If nothing else, the furor over the Treasury's "Blueprint" proposal for financial reorganization has pointed out a glaring fact: No one is applying for credit union charters, Washington attorney Bruce Jolly said Tuesday.

"It's a lot more difficult to argue for a separate agency when no one is beating down your door to come in," he stated.

"Isn't it ironic that here we have this discussion about future credit union charters and a single regulatory agency while over the last year there were 100 bank charters granted but only a handful of credit union charters," observed Jolly, a former Washington counsel for CUNA.

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