WASHINGTON — In the political equivalent of Ohio State and Michigan setting aside their differences, credit unions and community banks are on the same page in opposing a proposed overhaul of financial regulation put forth by the Treasury Department.
The leaders of trade associations representing those interests–which are at odds on issues such as the tax-exempt status of and regulatory relief for credit unions–are allies on this issue because they see themselves as battlers against investment banks and large commercial banks.
"Sometimes today's enemy is your best friend tomorrow," NAFCU President/CEO Fred R. Becker Jr. said in a conference call last Tuesday with Camden R. Fine, president/CEO of the Independent Community Bankers of America.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
