Sen. Mark Udall (D-Colo.) introduced a bill to raise the cap on member business loans from 12.25% of assets to 27.5%.
WASHINGTON — House Speaker John Boehner promised that the House will work hard to ease the regulatory burden so credit unions can lend more money and businesses can create new jobs.
WASHINGTON — Rep. Ed Royce (R-Calif.) plans a renewed push to raise the cap on member business loans because it’s a way of creating jobs without involving government.
Credit unions lost one of their strongest congressional allies this year and will have to deal with more Republicans in both the House and Senate next year.
Say farewell to the wisecracking, brainy lawmaker from suburban Boston and say hello to the soft-spoken, courtly former lumber company owner and trial lawyer from Birmingham, Ala.
Thanks to the voters' decisions earlier this month, after a two-year hiatus we will be able to find out.
Rep. Ed Royce, a strong supporter of credit union causes such as raising the cap on member business lending, announced last night that he will seek the chairmanship of the House Financial Services Committee.
CNN, Fox and MSNBC have all projected that the GOP will win a majority of seats in the House, thus ending the Democrats' four-year control of that chamber.
In politics, the party that controls Congress usually gets the lion's share of the campaign money.
NAFCU has added more federal legislators and an additional regulator to the roster of speakers for its 2010 Congressional Caucus.