During his June 27 confirmation hearing, NCUA Board nominee Richard Metsger dodged what might have been his most controversial question. Is raising the member business lending cap a good idea?
WASHINGTON — NCUA Board nominee speaks on first credit union loan, financial crisis lessons.
Rhode Island's Reed, New York's Schumer seen eyeing top post on Senate Banking Committee as South Dakota's Johnson retires.
A group of Democratic senators introduced a bill Jan. 23 that would allow privately issued student loans to be discharged along with other bankruptcy debt.
Private student loans called "the next mortgage crisis" by co-sponsor Sen. Tom Harkin, D-Iowa.
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
WASHINGTON — No lawmakers at NAFCU's Congressional Caucus said Thursday they expected a vote on member business lending cap hike this year.
Here we go again. Saying that it would “expand the options for small businesses at no expense to taxpayers,” Sen. Mark Udall (D-Colo.) last week reintroduced a measure to raise the cap on member business lending from 12.25% of assets to as much as 27.5% of assets.
Senators of both parties asked pointed, though not hostile, questions of NCUA Chairman Debbie Matz about how the agency dealt with the problems of corporate credit unions and whether the agency's examination procedures were adequate.