The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.
An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court.
The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field.
The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target.
A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.
Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years.
Elder abuse costs banks $1 billion in deposits a year, according to AARP. It has launched a video-game-style online training program that teaches bank employees what to be alert for.
A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes.