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ICBA Urges Senate Leaders to Kill Effort to Raise MBL Cap

Referring to credit unions as "taxpayer subsidized," the Independent Community Bankers of America wrote senators that raising the cap on member business loans would "be an unfair and ineffective means of increasing small business credit."

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Referring to credit unions as “taxpayer subsidized,” the Independent Community Bankers of America wrote senators that raising the cap on member business loans would “be an unfair and ineffective means of increasing small business credit and would flout the tax subsidy given to credit unions to the detriments of community banks and the American taxpayer.”

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