Settlement allows for form of the word.
Vermont clash over “bank” and “banking” widened Wednesday as CUNA, two state leagues and a New Jersey credit union weighed in.
The “Battle Over the B-Word” was heating up Tuesday with Vermont's top credit union regulator, bankers and the $600 million Vermont State Employees Credit Union.
Association of Vermont Credit Unions asks state regulator to relent on order, saying "consumers use the term to describe what they're doing" not where.
State banking commissioner cites 1969, 2006 laws in cease-and-desist order against Vermont State Employees Credit Union.
CEO Steven Post said he has asked Vermont regulator for more information about complainant and expects hearing on appeal in four to six weeks.
Credit union hit with banker-backed state order to quit using "banking" in ads and marketing.