WASHINGTON–The tax-status of America’s largest credit unions is again under attack, this time by the National Taxpayers Union and nine other groups.
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ST. LOUIS— PSCU has formed a new company it said will be a leading-edge platform and redefine digital banking for credit unions.
WASHINGTON–The nation’s banking industry is expressing its support for a call by Sen. Orrin Hatch that FCUs demonstrate to the IRS how they are fulfilling their missions and why they continue to deserve a tax exemption, while claiming a letter by NCUA Chairman J. Mark McWatters is evidence credit unions are a “risk” without “taxpayer subsidies.”
WASHINGTON–Credit unions no longer need worry about the CFPB: it’s now the BCFP.
SACRAMENTO, Calif.—This state’s Banking and Financial Institutions Committee has unanimously approved a bill that would allow limited merchant banking for cannabis businesses in California.
WASHINGTON–Requiring credit unions to file additional tax forms would "impose increased regulatory burden on the credit union system" and also "contravene directives from President Trump and the U.S. Department of the Treasury to achieve regulatory reform and rollback throughout the financial system," argued NAFCU in a letter to the IRS Tuesday.
FORT LAUDERDALE, Fla.–When it comes to employee performance reviews, those involved on both sides are usually in one of two states: fearful or fearless. And it’s almost always the former.
FORT LAUDERDALE, Fla.–The embrace of data analytics in credit unions must also include human resources, according to one expert. Indeed, HR should be a critical part of that embrace.
ARLINGTON, Va.—Existing-home sales continued to rise for the second consecutive month in March, increasing 1.1%; however, the month's sales were 1.2% lower than a year ago.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has received credit unions’ perspective on regulations under the Bank Secrecy Act (BSA) and impending customer due diligence (CDD) rules.