Banks and credits unions are at each other's throats just a week after working the halls of Congress shoulder to shoulder in an effort to stymie a plan to change how financial institutions reserve for loan losses.

The longtime adversaries are revisiting an historically divisive issue: credit unions' field of membership. Monday was the deadline for a 60-day comment period tied to the National Credit Union Administration's proposed overhaul of field-of-membership rules.

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.