HR 1418, a bill to raise the cap on credit union member business lending, now has 140 co-sponsors, a chief sponsor says.
Political newspaper The Hill will include member business lending as a topic during a public event Wednesday that will focus on access to capital.
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—No issue at this year’s GAC was more polarizing than the new Consumer Financial Protection Bureau. Speakers, particularly politicians, were either completely against it or completely for it, depending upon which party they represented.
WASHINGTON — Efforts to raise the business lending cap have been the only part of the jobs act that would actually create jobs, Sen. Mark Udall (D-Colo.) says.
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.
WASHINGTON — Industry lobbyists brought in business owners to tell their stories on Wednesday.
Some industry sources say Senate Banking Committee might pair nomination with Carla Decker bid for NCUA.
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.
CUNA letter cites survey showing that 60% of small businesses cite lack of credit as a serious problem; NAFCU says 12.25% cap hinders local lenders.