ICBA's letter to the Senate Banking Committee states the CU-bank "acquisitions are a perversion of congressional intent" of the CU tax-exempt status.

In a letter to the FCC, NAFCU says, "The current call blocking landscape has created a litany of problems ..."

A New York City Councilman says there have been preliminary discussions with the NCUA and he is "absolutely optimistic."

Some believe the plan would help simplify the home-buying process and provide additional regulatory relief for credit unions.

"We are supportive of the Bureau's efforts to develop a clearer standard but there is more work to be done on this issue."

The CDCU association INCLUSIV and two CUs file a brief with the court, saying the current one-director structure actually works.

CU officials believe subordinated debt could benefit many credit unions and allow them to grow.

The agency also announces several additional personnel changes.