— Hatch weighs credit union fight. "The chairman of the Senate Finance Committee expressed fears in a Wednesday letter to a top U.S. regulator over whether credit unions are sticking to their intended purpose while they're still exempt from federal corporate income tax. Sen. Orrin Hatch (R-Utah) pressed National Credit Union Administration Chairman Mark McWatters on his efforts to loosen restrictions on credit union activities. Hatch wrote that he’s 'concerned that the credit union industry is evolving in ways that take many credit unions further from their original tax-exempt purpose.' He cited moves by McWatters to loosen the field of membership constraints and allow credit unions to lend to businesses and expand their financial portfolios."