Berger once again hits bankers back

first_imgNAFCU President and CEO Dan Berger slammed a recent study commissioned by the Massachusetts Bankers Association attacking credit unions’ growth in the commonwealth, saying the study doesn’t even merit “serious consideration” since it was bought and paid for by the bankers.“It is a brazenly biased attempt on the part of the bankers to sully credit unions’ reputation with contrived findings,” Berger said.“If bankers expended as much energy and effort addressing their questionable practices as they do attacking credit unions, perhaps they would not have racked up more than $136 billion in fines, settlements, mortgage buybacks and relief to borrowers in the years following the financial crisis,” he added.Berger pointed to the large fines and settlements big banks have paid as a result of the financial crisis, which can often be written off as tax deductions. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img