Bank trades urging the House Ways and Means Committee to amend the tax reform draft.
As federal tax reform lingers on Capitol Hill, Credit Union Times asked industry experts how the elimination of the credit union tax exemption could impact balance sheets.
Eliminating exemption would change playing field, increasing bottom line and management burden, execs argue.
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.
St. Louis central bank researchers discovered similar growth patterns despite "the often-heated rhetoric of competing advocates."
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
“It has never been about the power or mission of the credit union,” CUNA chief pens panel leaders in reply to ABA testimony.
ORNL Federal Credit Union in Oak Ridge, Tenn., will be offering brokerage and investment services through INVEST Financial Corp. of Tampa, Fla.
The bank lobby took the opportunity Friday to point to a credit union failure as a reason to keep the current MBL cap.