Time for a Credit Union Modernization Bill

Jim Leach, the Republican Chairman of the House Banking and Financial Services Committee, believes the banking and financial services industry is in desperate need of reform (see sidebar). In his recent comments, he may not have been thinking about credit unions -- his attention seems to be focused on banks -- but in general what he is saying about the need to rewrite banking law to the realities of the 21st century is as true of banks as it is of credit unions, actually truer.




Feb. 1, 1998



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