By now, you've been alerted to the serious threat of the elimination of the credit union federal tax exemption. CUNA and your League are calling on all credit unions to help ensure the exemption is protected, and we invite you to join us on a National Webinar on the CREDIT UNION TAX STATUS.

Action is needed NOW to keep our tax exemption.

Members of Congress have found the political will to address comprehensive tax reform that may directly impact credit unions. They have already said everything is on the table and that they will "start with a blank sheet of paper." Those very words have been repeated enough on the Hill to set CUNA, League, and industry leaders on high alert.

House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas) banned CFPB Director Richard Cordray from Senate hearings, but the committee's Ranking Member Rep. Maxine Waters (D-California) says not so fast!

Need your fix on the latest credit union industry news? Check out the latest CUNA Regulatory Advocacy Report. Included are topics on:

• CUNA Comments on CFPB Proposal on Ability To Repay Rule
• Joint NCUA-NASCUS Effort to Improve Low-Income Designation Process for State-Chartered Credit Unions
• CUNA Attends CFPB Consumer Advisory Board Meeting
• Bank Secrecy Act Advisory Group Meeting and CUNA Nominations
• NCUA Risk Alert on DDoS Attacks; Cybersecurity Update
• CFPB Survey on Financial Services Marketed to Higher Education Students
• CUNA Governmental Affairs Conference Schedule of Regulatory Events
• CUNA Chart of Current CFPB Rulemakings: Current as of 2/25/2013

For the full CUNA Regulatory Advocacy Report, go HERE.

Part 3 of our continuing coverage on Elder Financial Abuse

Because they may be physically or mentally vulnerable, the elderly can be financially abused from many directions. This includes Internet scams and others they come in contact with, like unscrupulous home repairmen and contractors. However, some of the abusers might seem highly unlikely, such as family members, a close friend, or even a caregiver. As a credit union employee, what can you do if you suspect one of your members may be a victime of elder financial abuse?

Read more to find out.