Regarding the Editor’s Column in the May 29 issue, “Usage Fees Are Not a Strange Idea.” Sarah Snell Cooke’s support of the pay for play precedent in the NCUA’s recently proposed rule on derivatives misses the point. We strongly support and have continually advocated expanding credit unions’ investment powers to include limited...
Let there be no doubt that credit unions’ federal tax exemption is something our industry is going to have to fight for in order to keep.
You will undoubtedly be reading a lot over the next few months about 12 members of Congress who wield extraordinary power over the future of hundreds of federal programs and tax expenditures.
Since its introduction last year as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the interchange price cap amendment has been a source of great consternation for our industry. NAFCU, both in principle and substance, has fought it fervently.