WASHINGTON – Lobbyists for CUNA and NAFCU said they plan to redouble efforts to persuade lawmakers to lift the cap on member business loans as part of the stimulus bill that is working its way through Congress, though they admit it will be a difficult fight.
"It's going to be an uphill battle because there are a lot of competing interests on this measure," said CUNA Senior Vice President of Legislative Affairs John Magill.
NAFCU Vice President for Legislative Affairs Brad Thaler said they would work hard to persuade lawmakers that credit unions can be a part of a solution to the economic crisis by making more loans but declined to predict the likelihood of success.
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