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.
Deputy secretary says new CFPB will allow other regulators to focus on core missions, expand consumer choice and be accountable to Congress.
Credit unions portray themselves on Capitol Hill as well-managed, conservative financial institutions. It's not clear whether the necessity for the NCUA to rescue several corporate credit unions will change that reputation.
First Dan Mica went and he will soon be followed by Edward Yingling.