NCUA

Credit unions vs. banks: How we got here

04/24/18

Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries.

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Do credit unions still warrant a tax exemption?

04/24/18

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

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NCUA’s Metsger hammers federal judge’s field-of-membership ruling

04/05/18

National Credit Union Administration Board Member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

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Credit unions face risks if NCUA appeals field of membership ruling

04/02/18

If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions.

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Judge’s ruling a mixed bag for banks, credit unions

03/29/18

A federal judge struck down two provisions of the NCUA's field-of membership rule, while upholding two others.

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Judge signals skepticism of credit union expansion

03/14/18

The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.

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I’m a credit union CEO who agrees with Hatch: Tax big credit unions

02/27/18

Lawmakers should consider taxing large, banklike credit unions that have strayed from their original fields of membership, argues a credit union executive.

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NCUA chief urges credit unions to find common ground with banks

02/26/18

National Credit Union Administration Chairman J. Mark McWatters made an appeal to credit union executives to work with small community banks when it comes to advocating for shared goals.

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Hatch touches a third rail: Should credit unions be taxed?

02/01/18

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

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Regulators grapple with fallout from Justice Dept. U-turn on pot

01/18/18

Attorney General Jeff Sessions did not keep the rest of Washington apprised of his plan to rescind an Obama-era memo on pot. Now Fincen and other federal banking agencies are dealing with the backlash from that decision.

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