Leader of the Pod
Meet Puget Sound banker Laurie Stewart, who is chairing ABA in 2019-20.
Browsing: Credit unions
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.
As NCUA Contemplates Rulemaking, Bankers Raise Concerns about CUs Buying Banks
The National Credit Union Administration will propose a rule clarifying credit unions’ responsibilities when acquiring banks, NCUA Chairman Rodney Hood signaled in an interview with the Wall Street Journal reported today.
Appellate Court Issues Mixed Decision in CU Field of Membership Appeal
A three-judge panel of the D.C. Circuit Court of Appeals today upheld much of the National Credit Union Administration’s 2016 field of membership rule, which further expanded the already loose fields from which federal credit unions can draw their customers.
Stewart Op-Ed Tackles ‘Troubling Trend’ of Credit Unions Buying Banks
The accelerating trend of credit unions acquiring banks “means fewer businesses contributing to the tax base supporting our communities,” wrote ABA Chair-Elect Laurie Stewart in a Puget Sound Business Journal op-ed today.