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Article: Credit unions-banks battle continues on Capitol Hill.(Mississippi Credit Union Association)
- Article from:
- The Mississippi Business Journal
- Article date:
- August 1, 2005
- Author:
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For years, banking professionals have been up in arms about the unfair business advantages they say credit unions have over banks. Credit unions have been on the defensive in the debate over an equitable playing field.
Both sides continue to address the controversial issue on Capitol Hill. House Resolution 2317 is now moving through Congress, which reflects the latest version of credit union regulatory improvements.
"It's the first proactive, offensive bill that credit unions have had introduced in Congress," said Charles Elliot, president of the Mississippi Credit Union Association. "We're attempting to create a regulatory environment for credit union ...