The Internal Revenue Service's recent publication on UBITs represents far more than tax refunds to credit unions.
The House on May 6 passed three regulatory relief bills affecting credit unions.
Bills would grant NCUSIF coverage for IOLTAs, privately-insured credit unions FHLB access, and more input on CFPB rural areas.
Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
Read what a test credit union has to say about a new non-prime auto loan pilot program.
The National Credit Union Foundation, in partnership with the Filene Research Institute, said 14 credit unions will participate in a product incubator for subprime auto loans.
The $549M credit union has been without a CEO for nearly one year, following Juli Ann Callis' abrupt departure.
The loan is one of five products in Filene's accessible financial services incubator.
After a 15-year effort, and two cases lost in federal court, the IRS has apparently conceded defeat in the unrelated business income tax battle with credit unions.
Industry organizations tell credit unions door is open for seeking refunds after 15-year fight with feds.