Bankers Fighting MBL On Capitol Hill This Week
Members of the Independent Community Bankers of America will be lobbying Capitol Hill this week as part of the trade’s Washington Policy Summit at the Gaylord National Harbor Hotel.
According to the ICBA’s schedule of events, bankers will meet with their congressional representatives primarily on Wednesday and Thursday, with some meetings scheduled for tomorrow afternoon as well. Fighting legislation that attempts to raise the current credit union MBL cap is one of the group’s primary messages to lawmakers.
ICBA President and CEO Cam Fine said in video and audio messages posted on the organization’s website that bankers need to continue “weighing in with the Senate again and again to block the credit union power grab for expanded business lending authority.”
Fine also said in the video that S. 2231 is “gaining traction in the Senate every single day”, and if passed, the bill would more than double credit union business lending abilities, and “will hurt your community and your franchise.” He urged ICBA members to “flood the Senate switchboards” and added that if members don’t make calls, “we will lose this fight.”