Credit union trade groups on Wednesday blasted the Independent Community Bankers of America for filing suit over the NCUA's new MBL rules, contending that the suit amounts to a publicity stunt and a baseless attack on credit unions.
"This suit raises to a new level the banking trade's campaign of misinformation and attempted intimidation in its effort to hinder credit unions' ability to serve their member small businesses," said NAFCU President/CEO Dan Berger.
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