ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.
Community bankers trade group lists annual priorities: Killing CU tax break higher on list than protecting its own.
NCUA says vast majority of LICUs already were below cap, same with the 1,003 offered the new opt-in.
From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.
As drought-stricken businesses across the country are in dire need of assistance, the Obama administration asked the regulators to find ways to provide aid. The NCUA responded by informing 1,003 credit unions of their eligibility for low-income designation and allowing them to opt-in rather than slogging through paperwork.
Community bank lobby signs up supporters opposed to raising credit union member business lending cap.
The banking lobby has drawn what it hopes is a powerful sword in its crusade against an increase in the member business lending cap: taxes.