Banker opposition to NCUA's LICU program is ludicrous.
Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
The banker outrage over NCUA's streamlined low-income credit union program application process is certainly expected, but it is truly laughable that they would be so upset about such a simple streamlined approval process. [See Editor's Column in the Aug. 15 issue.]
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