New NCUA Board member brings aboard veteran Democratic politico, credit union advocate.
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.
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.
A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.
Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.
Rep. Darrel Issa (R-Calif.) asks if executive order violated. NCUA pays lawyers more than $40 million of $170 million in Wall Street settlements.
Credit union consultant, blogger and Capitol Hill veteran Marvin Umholtz said the nation’s growing political divide is apparent among credit union leaders and fuels comments he receives from his readers and colleagues.
CUNA has been receiving feedback regarding league endorsements and PAC donations that reflect divide, said President/CEO Bill Cheney.
The trades last week came out against principal forgiveness, an idea floated by Federal Housing Finance Agency Director Edward DeMarco. Political observers, however, noted that he has long been opposed to debt forgiveness and may be simply responding to consistent pressure from the Democratic Party.