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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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
July 1 -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
July 1 -
The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
July 1