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Treasury Report Slams Banks for Misuse of TARP Funds
A scathing report this week from the Treasury’s Special Inspector General takes banks to task for not increasing small business lending through the Small Business Lending Fund as required to repay TARP borrowings. Read More


Cap-Free MBL Natural Disaster Bill Announced
Rep. Carolyn Maloney (D-N.Y.), a senior member of the House Financial Services Committee, announced at this week’s credit union regulatory burden hearing she plans to introduce a bill that would exempt loans from the credit union member business lending cap that are made after federally declared natural disasters.  Read More

Industry Attorney Sees Credit Union Bank Buys Accelerating
Last Thursday’s announcement of the Baltimore-based $1.2 billion Municipal Employees Credit Union’s proposed acquisition of the $61 million Advance Bank in Baltimore is yet another sign that the trend of credit unions buying banks is gaining traction. Read More


Reg Relief Bill Announced For Credit Unions
Rep. Gary Miller (R-Calif.), vice chairman of the House Financial Services Committee, said Wednesday he will introduce legislation to provide regulatory relief to credit unions.  Miller made the announcement during his opening remarks for a hearing on credit union regulatory burden.  Read More

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CUNA Supports CU Tax Status At Congressional Staff Briefing
The Credit Union National Association Thursday participated in a House Ways and Means Committee briefing on the credit union tax status, talking to four members of the powerful tax-policy committee and about 15 staffers. CUNA President/CEO Bill Cheney underscored that the U.S. Congress conveyed an exemption from federal income tax to state- and federally chartered credit unions because of their ownership structure and special mission.  Read More

Good Public Policy Dictates CU Tax Status
Participating today in a House Ways and Means Committee staff briefing on the credit union tax status, Credit Union National Association President/CEO Bill Cheney underscored that the U.S. Congress conveyed an exemption from federal income tax to state- and federally chartered credit unions because of their ownership structure and special mission. Read More

CUNA Ads Accent CU Difference To Hill Audience
The Credit Union National Association is keeping the difference between credit unions and banks fresh on the minds of lawmakers, running new ads in key Capitol Hill news sources as banking groups make scheduled visits to Washington in the coming days.

"Credit unions really are different, and it's important to make sure members of Congress recognize that," CUNA Senior Vice President of Political Affairs Richard Gose said.  Read More
CUNA 35-point Plan Could Help Spell Out Relief Bill
U.S. House members showed interest in regulatory relief for credit unions, and outlined some of their own plans for credit union action, during a Wednesday hearing in which the Credit Union National Association released a 35-point plan for relieving credit union regulatory burden.  Read More

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