CUNA announced Monday it has been told by Capitol contacts that a vote on S. 2231 could come in the next 48 hours.
ICBA exec calls NAFCU letter to senators supporting the package bill "obscene."
Banks hoping Congress will extend the FDIC’s Transaction Guarantee Program are facing opposition from Tennessee senator.
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.
Schumer comments on MBL vote seen as contradiction to Reid promise that vote expected sooner. A preview from next week's print edition.
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.
WASHINGTON — The timing is perfect for credit unions to lobby their congressional representatives to lift the business lending cap, a key CUNA lobbyist told the GAC.
If credit unions were subject to income taxes, they would lose a key part of what makes them unique, but experts are divided as to whether it would create a stampede of bank conversions.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.