In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in the nation's capital: credit unions and community banks.
Bachus, chairman of the powerful House Financial Services Committee, was looking to ensure the passage of a slew of federal favors benefiting both sides. All the lobbyists had to do was show up at a meeting and figure out how to work together.
It was too much to ask.
The Credit Union National Association and the Independent Community Bankers Association immediately agreed to the sit-down, but as the meeting approached the community bankers abruptly cancelled the event, according to lobbyists and congressional staffers familiar with the plans.Read it at The Huffington Post
'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions
by Ryan Grim and Zach Carter