WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Wait till next year. That’s the motto of fans whose teams have a disappointing season, and it’s also sums up the political strategies of CUNA and NAFCU.
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.
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.
California congressman continues to push for increase in member business lending cap, will attend San Diego session.
While credit unions don’t have as many issues on Capitol Hill as they did last year, when lawmakers return from recess after Labor Day, there will be enough subjects that will keep industry officials and lobbyists actively prowling the halls of the Capitol.
This article is just one of the news, features and more that will appear in the Aug. 31 print edition of Credit Union Times.
CEO makes pitch to president at community college town hall meeting, tells Obama of having to reject business' loan request.
Democratic Sen. Dianne Feinstein and GOP Rep. Darrell Issa, both Californians, have signed on to raising the lending cap.