AUSTIN, Texas - (09/20/04) -- More than half the Lone StareState's 32 House members, the second largest congressionaldelegation, have gone on record in support of the credit union taxexemption. The Texas CU League, as part of its response to thebanks' 'Operation Credit Union,' has collected signatures of 22 ofthe state's House members, including Majority Leader Tom DeLay,endorsing the tax exemption. The campaign to get as manycongressmen on record on the tax issue is aimed at neutralizing thebankers' efforts to gain support for their efforts to repeal thetax exemption. "We have a duty to let our members know where theirCongressional representative stands on taxing credit unions, sincea tax on credit unions is a tax on our members," said DickEnsweiler, president of the Texas league, as well as chairman ofCUNA.
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The Federal Deposit Insurance Corp. is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. Three industry groups are suing the state in an effort to stop its attempted crackdown.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
April 26 -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
April 26 -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
April 26 -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
April 26