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WASHINGTON--The Department of Justice—on behalf of the NCUA—has filed its opposition to the legal challenge from ousted NCUA board members Todd Harper and Tanya Otsuka, America's Credit Unions reported.

WASHINGTON--The House Ways and Means Committee released an initial draft of its reconciliation legislation Friday with no mention of the credit union tax status. 

WASHINGTON—Several congressional Republicans have expressed opposition to a proposal from Trump to divert funding from the Community Development Financial Institutions (CDFI) Fund, Politico reported.

WASHINGTON—Will Jonathan McKernan head the CFPB? That may make take a little time to determine, America’s Credit Unions said.

When the House Ways and Means Committee released its long-awaited tax package this week, there was a notable—and welcome—omission. Not one word about credit unions. Not a single reference to our longstanding federal tax exemption. No new Unrelated Business Income Tax (UBIT) provisions. No veiled threats to 501(c)(14) status. No attacks on NCUA oversight or regulatory authority. On its face, the 389-page bill offers no direct harm to the credit union model.

WASHINGTON—Credit unions cleared a key tax hurdle Monday, as the House Ways and Means Committee’s full draft of its reconciliation bill made no mention of altering credit unions’ tax-exempt status, according to sources in Washington, who also noted the win could be even bigger than anticipated.

WASHINGTON—Credit unions cleared a key tax hurdle Monday, as the House Ways and Means Committee’s full draft of its reconciliation bill made no mention of altering credit unions’ tax-exempt status, according to sources in Washington, who also noted the win could be even bigger than anticipated.

NEW YORK— As ransomware incidents gradually decline, cybercriminals are increasingly turning to fraudulent wire transfers as their scheme of choice, a new report shows.