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Another credit union buys a bank as industry groups sharpen criticism

Gesa Credit Union in Washington agreed to acquire a 103-year-old community bank in Centralia, as it eyes opportunities for additional growth in the Pacific Northwest. In the District of Columbia, a bank group is calling for exit fees on banks selling to tax-exempt credit unions. ....

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Home Loan bank reforms could raise bank funding costs — if they happen

Home Loan bank reforms could raise bank funding costs — if they happen
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Banking trade group "strongly" opposes nonbank membership in FHLB system

The ICBA this week argued that the FHFA should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion FHLB system. ....

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The FDIC quietly rolled back an independent review committee, and banks aren't happy

Banking groups are concerned that their long-fought-for Office of Supervisory Appeals Committee was disbanded without public comment. ....

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