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.
Two bank lobby groups strongly advocated last week for its elimination and Congress begins writing tax reform legislation.
Kim Sponem, president/CEO of Summit Credit Union, was one of several Wisconsin leaders who met Obama official to discuss business ideas, job creation and economic development.
Gene Sperling, who was the Treasury Department's point person during negations on the proposal for raising the cap on member business loans, was named by President Obama today to be director of the National Economic Council (NEC).
WASHINGTON -- For credit unions, the upcoming House-Senate conference committee on the financial regulatory overhaul is coming down largely to interchange fee regulation.