Stay Informed with CUTimes

Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!

White House Official Agrees to Discuss Member Business Lending Bill with Administration

White House Public Engagement Director Jon Carson agreed to discuss S. 2231 and the credit union member business lending cap with the administration, NAFCU reported in a release.

Carson was responding to questions from President/CEO Fred Becker and the $249 million Fairfax County FCU’s president/CEO Joe Thomas, who were attending the White House Community Leaders Briefing on Friday.

Becker began the line of questioning with comments directed to Danielle Gray, deputy assistant to the president for economic policy, and Carlos Monje, chief of staff for the Domestic Policy Council, about support for a credit union MBL cap increase.

The NAFCU president noted that White House Chief of Staff Jack Lew had discussed credit unions being an important source of capital and Gray’s own comments about the importance of job creation.

Becker said NAFCU appreciated the administration’s support for the current MBL legislation as being a well-crafted bill and asked if the administration would include it in its next jobs package.

Monje said the administration is always looking to include credit unions in the mix of mortgage and small-business lending. Thomas followed up with a similar question to Carson, and Carson, after taking down the bill number and sponsor, said he would raise that with the administration’s legislative and policy staffs.

Comments

More News

Resource Center

View All »

Winning the War on Cybercrime: The Four Keys to Holistic...

This white paper examines the importance of adapting to changes in fraud attacks without significant...

FFIEC Proposed Guidance on Social Media and How it Affects...

To learn how you and your institution can stay compliant with the new proposed FFIEC...

The Rise of "Mobile Commerce" and How it Affects YOU!

Could plastic cards become a thing of the past? This white paper explains what constitutes...

Key Indicators of High Performing Credit Unions

Get a complimentary demo of our loan portfolio analytics and access to the white paper,...

CUT Daily eNews

Credit Union Times delivers breaking news and information you need to make the right decision for your organization - FREE. Sign up now!

Career Listings
Recent Career Listings
Browse Career Listings

Advertisement. Closing in 15 seconds.