Credit unions fight to preserve their tax exemption.
The bankers' failure last week to get a new tax on credit unions in Iowa is not a victory as much as a final warning.
Over the next few months, this episode will be picked apart and reconsidered by state bankers associations. At the ABA here in D.C., they will dive deep, re-examining everything from financial support for state legislators to the details of subcommittee testimony.
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Chris Howard
Chris Howard is the managing director at Community Financial Advisors of Stifel Independent Advisors, an independent broker-dealer providing financial advisors with a platform of products and services.
