Trade counters ICBA claim that NAFCU and federal credit unions "stand with ICBA and community banks" on TAG extension.
Transaction Account Guarantee extension suddenly seen as unlikely, raising questions about member business lending cap tagalong.
Hope held out for packaging Transactional Account Guarantee extension with member business lending cap hike.
CUSO trade group stresses credit availability to, job creation by, small businesses.
Community bankers get what could be early Christmas gift from Senate Majority Leader.
Trades pushing to package TAG with MBL cap hike to make it more passable.
If the NCUA board’s proposed $30 million limit to define small credit unions stands, 1,603 credit unions would be excluded from risk-based net worth requirements and a provision of the interest rate risk rule, according to the NCUA’s action memo on the topic.
It's not that the issue isn't important. It's just that it's politics.
MCUL says 46% of state's 309 credit unions now in the member business lending business.
U.S. Reps. Steve Stivers (R-Ohio) and Steve Chabot (R-Ohio) paid visits to credit unions this month to reiterate their support for raising the MBL cap.