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NYC Mayor de Blasio Adds Insults to Injuries in Yet Another NCUA Investigation

Another scathing report regarding the National Credit Union Administration (NCUA’s) role in the taxi medallion debacle has been released – this time by none other than New York City’s own Mayor Bill d...

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Sen. Schumer Criticizes NCUA and Demands Improvements in Oversight

NCUA is finally on the hot seat, and it’s more than well-deserved. Senate Minority Leader Charles Schumer (D-NY) has taken notice of recent negative reports regarding the major lack of oversight at NC...

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10 Questions We Would Ask NCUA Leadership at the Congressional Committee Hearings

This week, National Credit Union Administration (NCUA) Chairman Rodney E. Hood faces questioning from the Senate Banking Committee. Here’s what we would ask Chairman Hood at the hearing: Earlier t...

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Credit Unions’ Top Priorities on the Hill in 2019? Killing Transparency, Preserving Millionaire Compensation

No shame in the credit union industry’s game. Earlier this week, Jim Nussle, president and CEO of the Credit Union National Association (CUNA), one of the largest industry trade groups, sent a letter ...

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10 Questions We Would Have Asked NCUA Board Nominees

Last week two new NCUA board nominees, Todd Harper and Rodney Hood, were questioned on the direction of the credit union industry by the Senate Banking Committee in their confirmation hearing. Banking...

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Congressional Crackdown on NCUA Looming?

The recent WSJ piece regarding PenFed’s unsatisfactory anti-money laundering program and NCUA’s inability as a regulator to keep one of the biggest credit unions in check should be a massive reminder ...

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IRS Revokes Credit Union Tax Exemption After “Unsafe and Unsound” Practices

The IRS has revoked the tax-exempt status of a financially troubled California credit union. The Jones Methodist Church Credit Union in San Francisco, chartered in 1953 for its members who were being ...

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Elizabeth Warren: Time to Hold Credit Unions Accountable

Credit unions were born to provide financial services to people of modest means. Today, however, credit unions serve fewer low income households than traditional banks – a clear sign that they have ev...

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NTU Urges Taxpayers to Call for Credit Union Transparency

Last year’s passage of comprehensive tax reform has undoubtedly made the federal tax code fairer and more conducive to economic growth and individual prosperity. The provisions in the Tax Cuts and Job...

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