CUNA Chief Economist Bill Hampel has responded to a Fitch Wire article critical of raising the credit union member business lending cap that read like it came straight off a banker lobbyist talking points list.
Credit rater's article follows ABA script.
Independent Community Bankers of America also vow to fight raising of member business lending cap.
Some Iowa credit unions have thrown their support behind legislation that would allow financial institutions to conduct savings promotion raffles in the Hawkeye state.
An Iowa Senate bill that would allow financial institutions to conduct savings promotion raffles is getting support from credit unions in the Hawkeye state.
he Senate last Thursday passed pass a small business lending bill-which includes a $30 billion fund to encourage community
The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.