TOPEKA, Kan.–Amidst a round of committee hearings and facing a March 1 cutoff, a panel of the Kansas Senate is slated Friday to consider once again a banker-backed bill to impose field of membership restrictions on credit unions.
The latest maneuver by the banking lobby to curb field of membership growth was being roundly blasted by the Kansas Credit Union Association as "more of the same" attacks on consumer choice as bankers try to block expanded CU branching.
A bill drafted by the Kansas Bankers Association, which is being heard by a subcommittee of the Senate Financial Institutions and Insurance Committee, would subject CUs to federal FOM statutes and create banker-type regulation on branch openings and mergers.
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