Anti-credit union Super PAC urging bankers to support three candidates

An anti-credit union Super Political Action Committee is urging bankers to financially support one House Republican, one GOP Senate candidate and Sen. Ron Johnson, R-Wis., in the upcoming mid-term elections.

Friends of Traditional Banking (FOTB) bills itself as the “inverse” of a traditional PAC, which contributes directly to political candidates. Instead, FOTB endorses a few candidates each election cycle and urges bankers across the country to financially support them.

In addition to Johnson, the group is supporting Rep. Ted Budd, R-N.C., in his effort to gain the Senate seat currently held by retiring Sen. Richard Burr, R-N.C. And in Iowa, the group is asking bankers to support Republican Rep. Randy Feenstra in his reelection effort.

Background on the Issue

FOTB is an outspoken critic of credit unions.

 

continue reading »

More News