NAFCU, CUNA invited to House Ways and Means working group session on Thursday as part of tax reform initiative.
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
CUNA, NAFCU line up credit union CEOs for April 10 session with House Financial Services Committee.
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
House panel says it will investigate DHS mission, capabilities as infrastructure attacks, including on banks and credit unions, mount.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.
A group of Democratic senators introduced a bill Jan. 23 that would allow privately issued student loans to be discharged along with other bankruptcy debt.
As credit unions hunker down in defense of their federal tax exemption, the industry does have one thing in its favor. There are no known enemies among leadership on the House Ways and Means or Senate Finance Committees.
Florida congressman makes good on promise not to include tax exemption in debt reduction bill.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.