Banking lobbyists could be excused if they look on their credit union brethren in envy when pondering the mess they're in, thanks to the 1991 Federal Deposit Insurance Corporation Improvement Act.

For credit unions were in much of the same bind -- the heightened regulatory scrutiny, greater auditing requirements, and mandated capital standards that were imposed on banks and thrifts by the act, until some crafty work by credit unions' lobbyists.

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