The House approved the credit union legislation Tuesday, and President Clinton issued a statement saying he would sign it into law.

"This bill ensures that consumers continue to have a broad array of choices in financial services, and when Congress sends me this bill, I will sign it," he said.

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.