Bank Trade Group Urges Regulators To Sanction Navy Federal

By Emilie Ruscoe (April 4, 2024, 9:32 PM EDT) -- The president of the Independent Community Bankers of America has called on regulators to block Navy Federal Credit Union from using the term "community bank" to refer to military banking facilities it operates overseas, taking aim at the credit union with scathing accusations that it is "apparently insecure enough about [its] industry to pretend" it's a community bank....

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