Rep. Brad Sherman, a member of the House Financial Services Committee, urged his colleague who is writing the jobs creation bill to include in it an increase in the cap on member business lending.

Credit unions are “ready to expand their business lending,” and lifting the cap would result in credit unions expanding their business lending by $10 billion in the first year and create 10,000 new jobs, Sherman (D-Calif.) wrote House Education Committee Chairman George Miller (D-Calif.).

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