Jul 15, 2025
Glen unpacks key provisions of the recent US tax/spending bill
with help from his expert friends: the Defense Credit Union
Council’s Jason Stverak on $1,000 newborn accounts, and credit
union lifer Lou Grilli on the “no tax on tips” details. Also- has
Big Tech determined that regulation isn’t so bad after
all?
Links related to this episode:
The DCUC’s call for the US Treasury to include credit unions in the
newborn account rollout: https://www.dcuc.org/news/dcuc-to-treasury-include-credit-unions-in-trump-accounts-rollout-for-newborns
Bloomberg’s coverage of JPM Chase’s plan to charge for open banking
data: https://www.bloomberg.com/news/articles/2025-07-11/jpmorgan-tells-fintechs-they-have-to-pay-up-for-customer-data?embedded-checkout=true
The Wall Street Journal on tech firms’ desire for federal AI
regulation, and why it’s unlikely by 2026: https://www.wsj.com/articles/after-setback-tech-firms-renew-push-for-federal-ai-regulation-cc2b26d5
Labor/Employment law firm Littler’s take on the “No Tax on Tips”
provision: https://www.littler.com/news-analysis/asap/what-employers-need-know-about-no-tax-tips-and-no-tax-overtime
Today’s newborns are tomorrow’s youth bankers; for more on that
topic, check out our recent CU Town Hall featuring Marcell King,
CEO of Incent: https://www.youtube.com/watch?v=5GkfKtp26Xw
The Defense Credit Union Council: https://www.dcuc.org/
World Credit Union Conference: https://www.woccu.org/#trendingnow
Check out https://www.bigmerger.ai/ for details on how BIG has
turbocharged its 20 years of credit union M&A experience with
an AI-assisted framework that delivers successful conversions with
remarkable speed, full data privacy and zero member downtime. Read
about how BIG enabled the UCCU/TransWest core system merger in just
5 months.
Join us on Bluesky! @bigfintech.bsky.social;
@154advisors.bsky.social (Glen); @jbfintech.bsky.social
(John)
And connect on LinkedIn for insights like the Friday Fintech
Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/