An Unusual Perspective
ABA Chair Laurie Stewart brings unique experiences to her role as a bank CEO and advocate, and sharing them can help make a difference for the industry.
Browsing: Credit unions
NCUA’s Harper Seeks Comments on Proposal for Consumer Compliance Exams
As part of the National Credit Union Administration’s 2020-21 budgeting process, NCUA Board Member Todd Harper is requesting public comment to his proposal to create a dedicated consumer compliance examination program for larger and more complex credit unions.
Stewart Pledges to Be ‘Persistent’ Advocate for the Banking Industry
In her first remarks as chairman of ABA today, Laurie Stewart pledged to be a persistent advocate for diversity and inclusion in financial services, as well as for a level playing field between banks and credit unions.
Leader of the Pod
Meet Puget Sound banker Laurie Stewart, who is chairing ABA in 2019-20.
Harris Poll: Most Americans Support Removing Tax Exemption for Large Credit Unions
A majority of Americans across all political parties said they would support ending federal and state tax exemptions for large credit unions, according to a Harris Poll survey commissioned by the Florida Bankers Association.
Tax Foundation: Credit Union Tax Exemption ‘Not Justifiable’
The credit union industry has strayed from its original tax-exempt purpose and its tax exemption can no longer be justified, according to an economist at the nonpartisan Tax Foundation, a respected research group in Washington, D.C.
Military Times Op-Ed Calls for Level Playing Field for Banks, CUs on Military Bases
Banks and credit unions should receive the same treatment when operating on military bases, American Bankers Association President and CEO Rob Nichols wrote in an joint op-ed with the heads of the Associations of Military Banks of America and the Independent Community Bankers of America.
ABA Challenges Appellate Court’s Reliance on Chevron Doctrine in NCUA Ruling
ABA today filed a petition for the full D.C. Circuit Court of Appeals to review its decision in the association’s challenge of the National Credit Union Administration’s 2016 field of membership rule.
Banking Industry Leaders Question CU Tax Exemption in Interviews This Week
Banker Harris Simmons, chairman, president and CEO of Zions Bancorp, called for an end to the tax exemption for large credit unions on an American Banker podcast this week.
NCUA’s Harper Says Agency Not as Rigorous on Consumer Compliance
The National Credit Union Administration’s current method of examining and enforcing consumer protection laws and regulations for institutions with less than $10 billion in assets is “not comparable to our sister agencies,” NCUA Board Member Todd Harper said in a Washington speech yesterday.