GAO: CRA Statute Could Be Expanded to Include Credit Unions
The Government Accountability Office last week released a report outlining recommendations to further incentivize financial institutions to provide banking services ...
Tag: Credit unions
Judge Holds Hearing in ABA Lawsuit Against NCUA
A federal judge in Washington, D.C., today held oral arguments in ABA’s lawsuit challenging the National Credit Union Administration’s expansive ...
Nonpartisan Tax Group Hits Credit Union Stadium Deals
Sports naming rights deals -- like Golden1 Credit Union’s $120 million deal for the arena of the NBA’s Sacramento Kings ...
Credit Union CEO: Hatch Right to Question Large Credit Union Tax Exemption
Nearly a month after Sen. Orrin Hatch (R-Utah) wrote to the National Credit Union Administration questioning the federal tax exemption ...
State Associations to Sen. Hatch: Time to Change ‘Status Quo’ for Credit Unions
Taxpayers should no longer subsidize the nation’s largest credit unions that operate effectively the same way as taxpaying banks, all ...
Iowa Bankers Launch Ad Campaign to Do Away with Credit Union Tax Exemption
As the Iowa state legislature examines reforming the state tax code, the Iowa Bankers Association has launched a digital, radio ...
Sen. Hatch Writes NCUA with ‘Concern’ about Credit Union Activities
Senate Finance Committee Chairman Orrin Hatch (R-Utah), the top tax policymaker in the Senate, today sent a letter to the ...
Tax Foundation: ‘Worthwhile’ for Congress to Revisit CU Tax Exemption
Reviewing the justification for the credit union tax exemption would be worthwhile, according to an analyst at the nonpartisan Tax ...
House Financial Services Committee Advances ABA Supported Bills
The House Financial Services Committee today approved 13 financial services bills, including two supported by ABA.
Burgess Letter to WSJ: It’s Time to Tax Credit Unions
The tax code shouldn’t pick winners and losers, and businesses performing the same service should face the same rules, ABA ...
