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Acquisition ignites calls to end tax exemption for large credit unions

ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a...

Apr 17, 2025
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Article
Credit Unions

After community bank acquisition, ICBA urges end to tax exemption for billion-dollar credit unions

ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a...

Apr 16, 2025
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Article
Credit Unions

Judge scraps CFPB credit card late fee rule

A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.

Apr 16, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Urges End to Tax Exemption for Billion-dollar Credit Unions After Another Community Bank Acquisition

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in response to the latest acquisition of a tax-paying community bank by a...

Apr 15, 2025
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Article
Credit Unions