Bankers have seldom been so worked up about political issues.

The House leadership was bent on pushing through a seriously flawed "financial modernization" bill. The leadership decided to couple the bill with legislation to let tax-free credit unions roam the financial landscape largely free of the "common bond" requirement.

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.