NCUA Board Member Gigi Hyland doesn’t have to order a moving van any time soon. Even though her term on the board expired on Aug. 2, President Obama hasn’t nominated anyone to succeed her.
Credit unions are pushing for passage of a patent reform bill that the Senate is likely to vote on soon that could limit their exposure to patent infringement lawsuits.
Credit union trades back bill, which would give financial institutions protection from "business method" patent litigation.
Credit unions dodged a taxation bullet with the latest spending reduction package, but it remains to be seen how long their luck will hold.
This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
When the NCUA issues its proposed regulation of credit union service organizations on July 21, it will be an attempt by the agency to keep a closer eye on organizations whose role has grown and therefore expose credit unions to greater risk.
Several sources tell Credit Union Times that Sen. Jon Tester (D-Mont.) will offer amendment during debate of a funding bill.
If credit unions were subject to income taxes, they would lose a key part of what makes them unique, but experts are divided as to whether it would create a stampede of bank conversions.
Former top NCUA aide John McKechnie, now with a Washington consulting firm, is enhancing his lobbying profile.
Credit unions are on alert about the fate of their tax-exempt status as a result of President Obama’s speech outlining his deficit reduction strategy.