Search
 

Senate Jobs Plan Doesn't Include MBL Cap Increase

When it comes to getting the cap on member business lending being raised, credit unions suffered another setback when the draft of the Senate job creation bill didn't include a provision that would accomplish that.

By Claude R. Marx | Updated on February 09, 2010

When it comes to getting the cap on member business lending being raised, credit unions suffered another setback when the draft of the Senate job creation bill didn’t include a provision that would accomplish that.

It’s the second setback on the issue during a two-week period. President Obama failed to mention the issue in the portion of his State of the Union address that focused on job creation and his proposal to make money available to community banks to increase business lending does not include credit unions.

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?

 

Recommended Stories

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.