'Wake Up' Campaign Gaining Traction: CU Times

Dec 16, 2019

ICBA's "Wake Up" campaign targeting credit unions is gaining traction on Capitol Hill, the Credit Union Times reported.

The publication noted that members of Congress are starting to repeat the key themes of ICBA's campaign, which calls on policymakers and the public to “Wake Up” to the risky practices, costly tax subsidies, and irresponsibly lax oversight of the nation’s credit unions.

The article cites recent congressional hearings at which committee members, including Reps. Blaine Luetkemeyer (R-Mo.) and Bill Huizenga (R-Mich.), raised concerns with credit union acquisitions of community banks.