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12/16/2016

Credit Unions

Op-Ed Lays Out Case Against Credit Union Rubber Stamp

ICBA’s legal battle against the NCUA will determine whether the agency may continue sidestepping Congress to the benefit of the tax-exempt industry it is charged with regulating, ICBA President and CEO Cam Fine wrote in a new op-ed.

In American Banker, Fine wrote that the NCUA’s member-business-lending rule expands government-sponsored advantages for credit unions, introduces new risks to the financial system, and is illegal based on existing law. Read the Op-Ed.