In its proposed 2017 budget released yesterday, the White House Office of Management and Budget pegged the credit union tax exemption at $26.8 billion over 10 years. The estimate includes a projection of steady growth in the credit union industry, with the taxpayer subsidy growing from $1.7 billion last year to an estimated $3.6 billion by 2025.
Banking sector, regulators announce joint effort to address AI risks
Banking industry and Treasury Department representatives came together at ABA's headquarters in Washington, D.C., to announce the next steps in...