Bankers’ Dirty Deals: Senate Committee Defers Credit Union Bill Amidst Scandal

January 30, 1932, Washington D.C. – In a shocking turn of events, the Senate District Committee deferred action on the Capper credit union bill after a heated debate involving the District of Columbia Bankers Association. The association’s spokespersons vehemently opposed the bill, claiming it would create unfair competition in finance.