John McKechnie

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  Rep. Mel Watt’s Long Odds Involve More Than Just Principal Forgiveness

  By Heather Anderson  |  May 2, 2013

  North Carolina congressman's nomination to FHFA top spot prompts careful comments from trades.

• Brown and Vitter Gift Small Bankers with Reg Relief Bill

  By Heather Anderson  |  April 24, 2013

  Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.

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  Senate Finance Chair Max Baucus Announces Retirement Plans

  By Heather Anderson  |  April 23, 2013

  Montana Democrat's departure may or may not affect tax reform, credit union exemption, lobbyists say.

• Treasury Report Slams Banks for Misuse of TARP Funds

  By Heather Anderson  |  April 11, 2013

  Inspector General says community banks did not sufficiently use bailout money to increase lending to small businesses.

• Dueling Capitol Hill Budgets Mum on CU Tax Status

  By Heather Anderson  |  March 13, 2013

  Senate, House plans don't include specifics on which tax loopholes to eliminate.

• Luetkemeyer Staffer: Privacy Vote Expected This Evening

  By Heather Anderson  |  March 12, 2013

  House again to vote on eliminating annual mailing after measure passed last year but got no Senate vote.

• Ways & Means Working Groups Initiate Tax Reform Research

  By Heather Anderson  |  February 14, 2013

  Veteran lobbyist says working groups include two on credit union radar and that credit unions not stated target, so far.

• These Three Articles Offer an In-Depth Look at 2013 Congress and Credit Unions

  By Heather Anderson  |  January 16, 2013

  These three articles offer an in-depth look at the beginning of the new year for Congress and credit unions.

• Vigilance Is Watchword on Taxation

  By Heather Anderson  |  January 9, 2013

  According to industry veteran John McKechnie, who was working on Capitol Hill back in 1986, the last time credit union tax exemption was on the Congressional chopping block, a “volatile” environment on Capitol Hill means credit unions should be vigilant when it comes to protecting their tax-exempt status in 2013.

• 2013 Watch: Credit Union Taxation in the Year Ahead

  By Heather Anderson  |  December 21, 2012

  Tax expenditures are receiving a lot of scrutiny as Congress looks for ways to increase revenues and cut the deficit.