Credit unions left out on Interest on Lawyers Trust Accounts and member business lending in Transaction Account Guarantee bill.
Trade group now says member business lending cap hike may be dead in the water for this year.
Transaction Account Guarantee extension suddenly seen as unlikely, raising questions about member business lending cap tagalong.
CUSO trade group stresses credit availability to, job creation by, small businesses.
CUNA, NAFCU urge credit unions to lobby lawmakers home on break.
In a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and copied to all members of the Senate, the American Bankers Association and Independent Community Bankers of America said current member business lending limits “are entirely appropriate given the significant risk and potential losses that would be...
Wendell Lyons said he disagrees with bank lobby on credit union opposition to raising MBL cap but said he doesn't see a lot of enthusiasm for it in his state.
Credit union senior managers warn against expanded lending authority, says credit unions and regulators "both unprepared."
Despite comments made by co-sponsor Sen. Chuck Schumer (D-N.Y.) April 23 that suggested a vote on S. 2231 may be delayed, credit union trade associations continue to crash the net in support of the Small Business Lending Enhancement Act.
Schumer comments on MBL vote seen as contradiction to Reid promise that vote expected sooner. A preview from next week's print edition.