Bankruptcy

Teachers and the Durbin Interchange Amendment

By Adam Levitin

The National Education Association, the largest teachers' union, has come out in opposition to the Durbin Interchange Amendment.

It's unusual to see labor siding with financial institutions, but the lines are often blurrier than one might recognize. There are no less than 151 credit unions with "teacher" in their name (see it for yourself here). In addition, some of the myriad municipal and county employee credit unions are in part teachers' credit unions. I am left wondering if this is the NEA representing teachers or representing teachers' credit unions.

Full post as published by Credit Slips on March 22, 2011 (boomark / email).