Proposed hike on MBL cap faces Wednesday hearing in House subcommittee.
Panel to have more CU witnesses than bank witnesses.
NAFCU brings up MBL again.
A House subcommittee has chosen Christopher Columbus’ birthday to explore whether to give credit unions the right to raise the cap on member business loans.
House Financial Services subcommittee will hold hearing in member business lending cap increase Oct. 12.
If Congress allows credit unions to make more business loans, the industry can expect even more supervision from the NCUA.
WASHINGTON — Two members of Congress used their speeches at NAFCU’s Congressional Caucus to deliver news that advances the cause of raising the cap on member business loans.
Rep. Shelley Moore Capito tells NAFCU Congressional Caucus her subcommittee will hold hearing "sometime in October"on raising member business lending cap.
Kentucky Republican said not signing on yet was an oversight.
Trade group keying campaign to 25 Hike the Hills coming up, including 12 next week.