WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) touched on a number of credit union-related issues at NAFCU’s Congressional Caucus last week. But few grab credit unions’ attention like taxation and regulatory relief. Credit unions are one of the top lobbying groups in Washington, and that is “how you create good legislation,” Oxley said. He stated that credit unions are well regulated and he wants to make changes to make those regulations less burdensome and more effective. Oxley commented that regulatory relief would “eliminate most of the useless underbrush.” “You all know it. You’re on the front lines of that,” he said. Oxley also said he was pleased with Treasury Secretary John Snow’s statement supporting credit unions’ tax exemption at NCUA’s Chairman’s Forum, which Oxley hosted with Johnson. “I think it reflects the vast majority of the feeling in the House as well,” he remarked.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.