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.


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