Why credit union changes could threaten banks' territory

The line between credit unions and traditional banks has long been blurry, but it could soon get even blurrier. The National Credit Union Administration has proposed changes to its member business lending regulations that would make commercial lending easier for credit unions, further chipping away at traditional banks’ business. The proposed changes would allow customers of credit unions to borrow without personally guaranteeing the loans, according to American Banker . In addition, a collateral…
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