An Oct. 5 settlement arising out of the showdown between the $600 million Vermont State Employees Credit Union and its state regulator over use of the word “bank” in advertising leans in the credit union’s favor.
Vermont regulator says settlement requires clarity in marketing, that message is from credit unions.
Settlement talks ordered on "narrowing or eliminating the issues that separate" Vermont State Employees Credit Union, state over use of "bank", "banking" in marketing.
Vermont’s regulator, now at the center of a bank-credit union scrap over the use of “bank” and “banking” in credit union advertising, last week set Aug. 22 as the date for a preliminary conference hearing on a proposed cease and desist order against the $600 million Vermont State Employees Credit...
Robert Simpson to hear VSECU 'banking' case.