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.
Cheney sends letter to president asking backing of bills in Congress that would raise cap to 27.5% of assets.
CUNA and NAFCU use last week’s jobs report to renew their push for lawmakers to raise the cap on member business lending.
During the first five months of 2011, CUNA’s political action committee received $502,266 in contributions toward its efforts to influence the outcome of political campaigns, and NAFCU’s fundraising efforts netted $53,669, according to reports filed with the Federal Election Commission.
Trades report contributions to congressional lobbying efforts.
Might this time finally be the charm for member business lending? After years of lobbying and cajoling, credit unions will finally get their wish on June 16 when the Senate Banking Committee holds a hearing on Sen. Mark Udall’s (D-Colo.) legislation to raise the cap on member business loans.