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.
Credit union consultant, blogger and Capitol Hill veteran Marvin Umholtz said the nation’s growing political divide is apparent among credit union leaders and fuels comments he receives from his readers and colleagues.
CUNA has been receiving feedback regarding league endorsements and PAC donations that reflect divide, said President/CEO Bill Cheney.
Nearly five years after the housing bubble burst and the financial system collapsed, politicians are still clamoring for new ways to free up capital and spark growth across the country. The most recent effort, put forth by Sen. Mark Udall, proposes to increase the lending limit of credit unions from...
Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...
New record high announced during National Small Business Week as trade group, Sen. Mark Udall repeat call for raising member business lending cap.
Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Lawmakers stuck between rock and hard place as lending cap bill languishes. This from the May 9 print edition of Credit Union Times.
New York, Nevada credit union associations say they're confident of continuing support as question remains if vote will be taken this year.