Democrats have updated a Biden administration proposal that would require that banks and credit unions report account activity to the Internal Revenue Service, but trade groups remain opposed to the plan.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
Frustrated by the unwillingness of House or Senate Republicans to eliminate the credit union tax exemption in either of their tax reform bills, the Independent Community Bankers Association is trying to drum up local support while the issue is hot.
The Independent Community Bankers of America (ICBA) this week filed a lawsuit against the National Credit Union Administration (NCUA), alleging the credit union regulator overstepped its bounds and violated federal law with a commercial lending rule it issued earlier this year.
