Bankers lobby asks its members to write senators to oppose latest version of Senate bill to raise member business lending cap.
ABA says banks have added more than $180 billion in business loans in the past 18 months, financing more than 20 million small business loans.
If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Frank Keating, president/CEO of the ABA, said the group will do what it takes to keep new small business legislation from moving forward.
The American Bankers Association has announced a new website that will allow more-timely reporting of bank robbery data.
ABA Executive Vice President for Congressional Relations and Public Policy Floyd Stoner will retire at the end of the year.
Hearing shows credit unions and banks still far apart on member business lending.
Changes would let NCUA help to a troubled credit union or a credit union acquiring one to count as regulatory net worth.
Illinois senator asks ABA to back off from "massive lobbying effort."
Bankers argued to NCUA that now-conserved Texans CU was in violation of its member business lending cap.