Allowing credit unions to retain their federal income tax exemption enables the financial cooperatives to fulfill their mission to "promote thrift and to provide access to credit for provident purposes to members." That is one of the key points made by CUNA President/CEO Bill Cheney in a Thursday letter thanking House Ways and Means Committee Chairman Dave Camp (R-Mich.) for his treatment of credit unions in his comprehensive tax reform discussion draft released a day earlier. More
With a record 4,400-plus attendees at this year's CUNA Governmental Affairs Conference, the action during Capitol Hill advocacy visits was intense. More
Following up on concerns voiced by credit unions at CUNA's Governmental Affairs Conference here this week, CUNA's Executive Committee and key senior staff discussed the National Credit Union Administration's risk-based capital plan with agency chairman Debbie Matz and senior NCUA staff. The meeting also addressed other key areas of credit union concerns. More
In a 232-182 vote, the U.S. House passed The Consumer Financial Protection Safety and Soundness Improvement Act (H.R. 3193), a bill that makes reforms to the Consumer Financial Protection Bureau. More
May 28 is the public comment deadline for the risk-based capital plan proposed by the National Credit Union Administration earlier this month, according to a document publish Thursday in the Federal Register. More
Access to high-quality, small-dollar credit can help individuals build wealth and weather financial turbulence. The Center for Financial Services Innovation released a Compass Principles guide to help identify what such a program would look like. More
"BSA-MSB Training: What You Need to Know" is the topic of a newly announced National Credit Union Administration webinar scheduled for Wednesday, March 19, at 2 p.m. (ET). More
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