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Trades Ramping Up Efforts on MBL Amendment

CUNA and NAFCU are redoubling their efforts to lobby senators to support an amendment by Sen. Mark Udall (D-Colo.) that would raise the cap on member business loans from 12.25% of assets to 27.5% of assets.

By Claude R. Marx | Updated on July 11, 2010

In response to Senate Majority Leader Harry Reid’s challenge that they demonstrate bipartisan support, CUNA and NAFCU are redoubling their efforts to lobby senators to support an amendment by Sen. Mark Udall (D-Colo.) that would raise the cap on member business loans from 12.25% of assets to 27.5% of assets.

Both groups are meeting with staffers and members on Capitol Hill and did extensive lobbying during last week’s Independence Day

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