Banks Pressuring Congress to End Credit Union Tax Exemption
Long-time readers of this blog know how helpful credit unions have been in providing top deposit rates. Many of the best CD deals over the years have been from credit unions. Those higher CD rates have been especially important for savers and retirees in recent years as interest rates hit record lows. If bankers get their way, we may see fewer of those CD deals.  READ MORE
Tax Reform Road Show HAPPENING TODAY: TAX REFORM ROAD SHOW COMMENCES. Senate Finance Chairman Max Baucus (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.) are headed to the Twin Cities today for a pair of tax reform events kicking off their summer tour aimed at rallying support for a tax code overhaul. At 8:45 a.m. they’re headed to a 3M manufacturing plant, then it’s off to Baldinger Bakery in St. Paul, a fourth-generation family-run bakery.  Read more
Monopolistic Too-Big-to-Fail Banks Try to Crush Credit Unions as Competition by Removing Tax Exemption
Given the steady growth of consumers turning to responsive credit unions for their banking, the oligopolistic banks that brought you the crash of the American economy – and made you lend them money to survive – are now trying to crush credit unions. Read More
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