The suit challenges the NCUA’s authority to interpret and issue rulemakings on field of membership broadly granted by Congress in the late-90s.
The American Bar Association (ABA) reported in its June 2014 Journal that a new round of Americans with Disabilities Act (ADA) lawsuits is being seen. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can we collect a debt owed to us by a minor?”
The American Bankers Association has asked President Obama to abolish credit unions’ tax exemption. In a letter to the White House last week, ABA president/CEO Frank Keating called the exemption “a depression era tax break that has outlived its purpose.”
As credit unions continue to push to raise the MBL cap, the banks continue to put up roadblocks. Credit unions have issued a document “fact checking” the ABA’s talking points against S. 2231 as Northwest credit unions continue advocacy efforts.
With more than 4,000 credit union supporters in D.C. this week for the CUNA GAC, the American Bankers Association is promoting anti-credit union propaganda—and credit unions have already responded.