WASHINGTON — The Credit Union National Association is urging Senate leaders not to pass an extension of the Transaction Account Guarantee program, arguing that it's no longer necessary and hasn't boosted business lending.

The financial services industry is divided over the TAG program, which is set to expire at the end of the month.

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.