NAFCU and CUNA are urging lawmakers to ensure that there is some federal guarantee in the secondary mortgage market but differ on how to achieve it.
NAFCU and CUNA are urging lawmakers to ensure that there is some federal guarantee of a secondary mortgage market but differ on means.
Senate Banking Committee panel to hear about importantce of secondary housing market to small financial institutions.
WASHINGTON — NCUA Chairman Debbie Matz told a panel of skeptical senators that raising the cap on member business loans would actually improve credit unions’ risk environment while creating more jobs.
Hearing shows credit unions and banks still far apart on member business lending.
Agency promises to beef up enforcement to manage additional risks if cap is raised.
NCUA Chairman Debbie Matz is the lead witness in Thursday’s Senate Banking Committee hearing on legislation to raise the cap on member business loans.
Department store millionaire, banking committee member, is sixth Democrat to announce retirement from upper chamber so far this year.