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ABA’s Keating Seeks Unity and Common Ground

On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions tax-exempt status and raising the cap on member business lending, the industries interests diverge.

By Claude R. Marx | Updated on March 16, 2011
Frank Keating
On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions’ tax-exempt status and raising the cap on member business lending, the industries’ interests diverge.

Recently, the largest trade associations in those industries changed their top leaders. Last July 1, Bill Cheney became president/CEO of CUNA and on Jan. 1, former Oklahoma Gov. Frank Keating took over as president/CEO of the American Bankers Association.

Keating, who previously ran the American Council of Life Insurers and held senior positions in the Reagan and George H.W. Bush administrations, recently sat down with Credit Union Times to discuss the regulatory landscape for financial institutions, the relationship between banks and credit unions and other subjects.

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