The Internal Revenue Service has issued a proposal stating investment management and advisory fees paid by trusts and estates should be deductible only when they exceed 2% of the trust's adjusted gross income.

Last Friday's sudden 50bps cut in the discount rate generated lots of prognostication and predictions in the economic community and in the CU sphere. But will the cut unfreeze the credit market and soothe the run to the safety of U.S. Treasuries, which fell yesterday more than they did after...

Last Friday's sudden 50bps cut in the discount rate generated lots of prognostication and predictions in the economic community and in the CU sphere. But will the cut unfreeze the credit market and soothe the run to the safety of U.S. Treasuries, which fell yesterday more than they did after...

Cognizant of the industry's emerging role in trying to calm member concern over mortgage turmoil, a prominent Virginia CUSO said today it has been sending out letters and e-mails to client CUs in two states and the District of Columbia urging they become "pro-active" on re-fi products as well as...