The "Battle Over the B-Word" was heating up Tuesday with the top credit union regulator in Vermont, bankers and the $600 million Vermont State Employees Credit Union.
Steve Kimbell, who has proposed a cease-and-desist order against VSECU that would ban it from using "bank" or "banking" in its ads – was accused by a blogging professor of bias and going after the credit union tax exemption, accusations he denied.
- UPDATE, Oct. 8, 2012, Vermont Credit Union, Regulator Settle 'B' Word Dispute
Meanwhile, the CBS-TV affiliate in Burlington – WCAX – said it will air a debate Tuesday during its 6 p.m. EDT news hour – pitting Steven Post, president/CEO of Montpelier-based VSECU, and Chris D'Elia, president/CEO of the Vermont Bankers Association.
Kimbell, who said he is already the target of harsh rhetoric from angry Vermont credit union leaders, said constitutional free speech is very much in play as it was in the U.S. Supreme Court ruling on Citizens United dealing with corporate political PACs in the presidential election.
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