Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...
Republican, Democrat add names to list of supporters of measure to raise MBL cap.
Brett Thompson opines in Milwaukee Biz Blog.
The Great Depression and the decades leading up to it forced many to look beyond their comfort zones just to be able to survive another day.
New record high announced during National Small Business Week as trade group, Sen. Mark Udall repeat call for raising member business lending cap.
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.
Lawmakers stuck between rock and hard place as lending cap bill languishes. This from the May 9 print edition of Credit Union Times.
New York, Nevada credit union associations say they're confident of continuing support as question remains if vote will be taken this year.
Senator advises colleagues "to move forward carefully."
Despite comments made by co-sponsor Sen. Chuck Schumer (D-N.Y.) April 23 that suggested a vote on S. 2231 may be delayed, credit union trade associations continue to crash the net in support of the Small Business Lending Enhancement Act.