X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Once again, banking lobbyists will be successful in their attempts to stop the member business lending cap from being increased to 20%, according to Kiplinger’s. In its July 1 issue, the publication wrote “credit unions won’t win a bigger share of business loans…again.” “Every year, they try to persuade Congress to boost their business lending from 12.25% of assets to 20%, and every year, banking lobbyists block it,” Kiplnger’s wrote. The Credit Union Regulatory Improvements Act (CURIA) would increase member business lending limits to 20% from 12.25% of assets and allow NCUA to increase the threshold for defining a member business loan from $50,000 to $100,000.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.