House subcommittee hears both sides of debate over raising the member business lending cap for credit unions.
NCUA chair tells House panel that raising member business lending cap would help credit unions and small businesses alike.
House subcommittee hearing on proposed lifting of MBL cap set for Wednesday.
Proposed hike on MBL cap faces Wednesday hearing in House subcommittee.
Panel to have more CU witnesses than bank witnesses.
NAFCU brings up MBL again.
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.
House Financial Services subcommittee will hold hearing in member business lending cap increase Oct. 12.
If Congress allows credit unions to make more business loans, the industry can expect even more supervision from the NCUA.
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.