ARLINGTON, Va. — NAFCU is encouraging credit unions to make their voices heard during a series of public comment meetings hosted by the Small Business Administration on its lender oversight and credit risk management systems.
SBA is proposing a regulatory framework for oversight of participants in the 7(a), 504 and Microloan lending programs. This regulatory framework aims to enhance SBA's Office of Credit Risk Management's ability to maximize the efficiency of agency's lending programs by effectively managing program credit risk, monitoring lender performance, and enforcing lending program requirements.
SBA's first public comment meeting was scheduled to take place April 1 in San Francisco. The remaining dates are:
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