New tax legislation excludes credit unions

Rep. Devin Nunes (R-CA), a senior member of the House Ways & Means Committee, will introduce legislation updating the nation’s tax policy. As a matter of offsets, he has included a financial institutions transaction tax. The bill is expected to be introduced in the next few weeks. The LSCU received an advance copy of the […]

New tax legislation excludes credit unions

Rep. Devin Nunes (R-CA), a senior Member of the House Ways & Means Committee, will introduce legislation updating the nation’s tax policy. As a matter of offsets, he has included a financial institutions transaction tax.The bill is expected to be introduced in the next few weeks. The LSCU received an advanced copy of the bill, […]

Bernie Sanders says he will break up big banks

Sen. Bernie Sanders laid out his plans to reform Wall Street in a Town Hall speech Tuesday in Manhattan. Sanders didn’t mince any words when it came to his plan for the “too big to fail banks.” He said that he would ask the U.S. Treasury to make a list of those financial institutions and […]

Omnibus bill passes Senate with some reg relief

Tuesday evening Congress reached an agreement on the Omnibus spending bill. For much of December, Senate Banking Committee Chairman Richard Shelby (R-AL) had been trying to include his regulatory relief measures in the bill. It appears that very few were included. One provision requires the NCUA and other federal financial agencies to study appropriate capital […]

Ted Koppel to keynote the CUNA GAC

CUNA has announced its second speaker for the CUNA GAC, Feb. 21-25 in Washington, D.C. Longtime journalist Ted Koppel will discuss the likelihood of a cyberattack on America’s infrastructure and the potential consequences it would have. The presentation is based on his best selling book Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath.  […]

Credit union bills pass House committee

Credit unions continue to see good news from Capitol Hill as two bills were passed by the House Financial Services Committee on Wednesday that were supported by the industry. H.R. 2287, the NCUA Budget Transparency Act, and H.R. 2205, the Data Security Act, passed the House committee easily. Credit unions supported each for different reasons. […]