Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.
Two more Washington lawmakers have come out in favor of credit unions’ tax-exempt status.
The Michigan Credit Union League on Friday endorsed U.S. Rep. Gary Peters for the U.S. Senate.
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.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
Taylor Community CEO sends printed copies of 1,099-page CFPB request for comment to lawmakers, regulators, adds plea for relief.
Money laundering and the steps financial institutions have to take to monitor it and prevent it are back in the news thanks to well-publicized missteps by banking giant HSBC.
David Adams cited for helping Michigan credit unions sharply increase small business lending.
Sen. Olympia Snowe (R-Wash.) says Small Business Lending Fund "not an effective use of taxpayers' money."
House Democrats set aside seniority today and chose Rep. Sander Levin (D-Mich.) to chair the Ways and Means Committee.