NAFCU Returns to White House to Talk Member Business Lending
NAFCU President and CEO Fred Becker, accompanied by NAFCU’s top governmental affairs executives, returned to the White House Monday to follow up on a member business lending exchange that began May 4 during a White House community leaders briefing.
Becker had asked Deputy Assistant to the President Jon Carson if an increase in the MLB cap could be included in the president’s next jobs package.
The NAFCU representatives, which included Executive Vice President of Government Affairs Dan Berger, Vice President of Legislative Affairs Brad Thaler, Vice President of Regulatory Affairs and General Counsel Carrie Hunt and Becker briefed Carson on credit union business lending, the impact of the current cap and the safety-and-soundness requirements that the proposed legislation would require for credit unions to expand MBL beyond the cap.
Becker said he asked for White House support when MBL legislation comes to the Senate and House floors for a vote. The group also discussed the need for preserving the federal tax-exempt status of credit unions.
Becker said Carson indicated that he would do some more thinking on the topic, and invited NAFCU to keep in contact with him.
“We’ll keep up the pressure,” Becker said.