As the National Credit Union Administration sifts through nearly 400 comment letters regarding its credit union membership proposal, contradictory missives from two Democratic lawmakers stand out.

In separate letters dated Nov. 12, Reps. Paul E. Kanjorski and John J. LaFalce-who played key roles in engineering the new credit union law - offered very different recollections of their colleagues' intent.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.