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If Thrifts Get Auto Lending, NAFCU Wants Parity

Two of credit unions' strongest allies in Congress introduced legislation in the waning days of the 109th Congress to expand thrift auto lending, which has left NAFCU asking, "What about credit unions?"

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WASHINGTON — Two of credit unions’ strongest allies in Congress introduced legislation in the waning days of the 109th Congress to expand thrift auto lending, which has left NAFCU asking, “What about credit unions?”

Authors of the Credit Union Regulatory Improvements Act (H. R. 2317) Paul Kanjorski (D-Pa.) and Ed Royce (R-Calif.) have introduced a bill, the Auto Loan Limit Adjustment Act (H.R. 6323) that would remove the limitations on consumer auto loans for thrift institutions.

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