Trump budget spares credit union tax exemption; calls for restructured CFPB, elimination of CDFI Fund

first_img continue reading » 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr President Trump’s proposed 2018 budget proposes a “restructuring” of the Consumer Financial Protection Bureau and eliminates the Community Development Financial Institution Fund, but also assumes the credit union tax exemption will remain in place for at least the next 10 years.The $4.1-trillion budget for 2017 includes deep cuts in a number of programs, especially those that are aimed at lower-income Americans, and assumes 3% economic growth, which economists have already said is extremely unlikely.The CDFI Fund has been consistently in the cross-hairs of the Trump Administration, which targeted it for cuts early on. Congress, however, has been inclined to provide money for the CDFI Fund, including $248 million in the recently passed bill to fund government operations. As of January 31, 2017, there were 287 credit unions certified as CDFIs.In a statement following release of the president’s budget, which is really just a guide for what the administration wants since Congress controls the national purse-strings, NAFCU CEO Dan Berger said the association is “pleased that President Trump’s budget proposal does not single out the credit union tax exemption for elimination, and we will continue to work with Congress and the administration to protect the exemption throughout the tax reform process.”last_img read more

Senior Kendrick Castillo identified as student killed in CO shooting

first_imgWednesday, police identified the student who was killed in Tuesday’s shooting at the STEM School Highlands Ranch in Colorado as 18-year-old Kendrick Castillo.Kendrick was shot to death while attempting to stop the shooter, and eight others were injured.A female classmate told reporters Kendrick charged the shooter giving students time to hide and flee the scene.Kendrick’s parents broke their silence Wednesday confirming to reporters that he was killed in the shooting, adding, that their son was a hero and want the public to know what a great kid he was.Kendrick was a senior set to graduate at the end of the month, and Friday would have been his last day of school.He enjoyed computer information technology and was on the school’s robotics team.Douglas County Sheriff Tony Spurlock said there were “very heroic things” that took place inside the school, including students attempting to stop the shooters.last_img read more