Even after news that a vote on S. 2231 won't happen as quickly as hoped, credit union trade associations say they aren't pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Passing legislation is a process, not an event, stressed NAFCU President/CEO Fred Becker. Credit unions must remain unrelenting in their support of this legislation, he said, and not give up or walk away.
"That's exactly what bankers want, for us to get discouraged and go away, and if we do that, we're playing right into their hands," Becker said.
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