The House Financial Services Committee passed the Protecting American Taxpayers and Homeowners Act July 24 by a vote of 30-27.
House panel passes measure to eliminate Fannie Mae and Freddie Mac, largely privatize secondary mortgage market.
Measure similar to proposed legislation in House, would raise cap to 27.5% of assets.
California Republican Ed Royce and co-sponsoring Democrat Carolyn McCarthy of New York bring MBL cap-raising bill back for 2013 session.
WASHINGTON—The political pitch to raise the credit union member business lending cap are claims that doing so will spur job growth. According to credit union executives that attended this year’s Governmental Affairs Conference, that claim is more than just wishful thinking.
WASHINGTON — With legislation to raise the cap on member business loans languishing in committee, CUNA reached out to business groups to help make its case.
Congressmen and businessmen got together on Capital Hill to call for a lifting of the member business lending cap for credit unions.
WASHINGTON — Industry lobbyists brought in business owners to tell their stories on Wednesday.
So far 130 members of the House and Senate representing both parties and a range of ideological views have agreed be honorary chairs of the Credit Union Cherry Blossom Run.
Businesses with 50 or less employees particularly important for job growth but less likely to benefit from government programs, get loans from big banks.