Policy & Regulation

Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code.

Although the news was mostly positive, the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed potential warning signs for financial institutions.

Lawmakers, regulators, pundits and more took part in this year's CUNA GAC, reminding credit unions that the movement has stalwart friends on both sides of the aisle.

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.

Credit Union Journal asked the state leagues: what legislative or regulatory action are you currently monitoring in your state(s)? Is there anything specific that you are lobbying for or against?

A vote on a House plan to replace the Dodd-Frank Act may not happen as quickly as originally expected due to limited floor time and other legislative priorities, such as health care reform, that are likely to take precedent.

The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks.

In President Trump’s first joint address to Congress, he listed several top priorities, including repealing Obamacare and enacting tax reform, but made no mention of reforming the Dodd-Frank Act.

Regulators ought to make it easier for smaller institutions to merge, the CEO of the country's largest said Tuesday.

Lawmakers voiced bipartisan support for regulatory relief, arguing that small financial institutions have had to bear the brunt of too many regulations.