The banking lobby has proposed "compromise" credit union legislation that would divide credit unions into categories and impose bank-like taxation and other requirements on certain categories.

This is not a compromise at all. A compromise is defined by mutual concessions, and the bankers are not offering credit unions anything. Call this by its right name; call it greedy, outrageous, and a slap in the face to millions of American consumers - but don't call it a compromise.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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