Regulatory & Compliance

The banking lobby pushed small business tax relief through as part of the U.S. Troop Readiness and Iraq Appropriations Act (H.R. 2206), which will provide $4.84 billion in tax relief for thousands of small businesses and community banks. The president signed the bill into law May 25 after it passed...

The credit union trade associations are pounding home the messages from a new Government Accountability Office study finding that credit unions have not negatively impacted the ability of banks and thrifts to make money.

NASCUS President/CEO Mary Martha Fortney said from a state chartering, safety and soundness perspective the group generally supports efforts to pass...

The Government Accountability Office study released today found that banks wrote off more $100 billion off their taxes in 2004 and took tax credits of another $6 billion.

The Government Accountability Office study released today found that banks wrote off more $100 billion off their taxes in 2004 and took tax credits of another $6 billion.

NCUA staff has put together a proposal, approved for comment by the board at last week's meeting, to clarify the agency's expectations for a community charter application following the board's denial of an appeal for the same community charter for two credit unions in March.