Banks will continue to leave military bases as a result of a provision in the recent defense authorization bill that credit unions hailed as a major victory, Steven Lepper, president of the Association of Military Banks of America, recently said.
President Trump last week signed the annual defense authorization bill. The Senate version of the bill included a provision that would have given banks the same free rent benefit on military bases that credit unions now receive.
The House bill did not include that provision; nor did the conference report for the legislation.
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