Tax reform debate as it pertains to the credit union tax exemption shifted into high gear when bank lobby groups strongly advocated last week for its elimination as Congress mulls tax reform options from various working groups.
Two bank lobby groups strongly advocated last week for its elimination and Congress begins writing tax reform legislation.
CUNA shoots back in campaign aimed at rallying members across the land to speak up for tax exemption.
A working group report on tax reform delivered to the the House Ways and Means Committee May 6 was overall good news for credit unions, but it included some recommendations to scrap the tax exemption, too.
House panel does say this about credit unions vs. banks: "Most of those differences have disappeared over time."
Tax reform debate began in earnest for credit unions April 11, when representatives from CUNA and NAFCU were called to Capitol Hill to plead their case for preserving the industry’s tax exemption before a House Ways and Means Committee working group.
ABA, ICBA in town for conferences that have taxing credit unions high on the agenda.
Credit bureau says consumers adding less to credit lines, using less of what they have.
Fourth quarter figures show delinquency rate at lowest level since 1994. Economist cites home-related payment improvements, too.
What common bond does a website editor in Los Angeles share with a military-based credit union in Virginia?