Raising the cap on member business loans would do much to jumpstart the economy and
is a "viable way to enable credit unions to assist our nation's small businesses with their lending needs," NAFCU Executive Vice President Dan Berger wrote Senate leaders today.
Berger sent the letter as part of the association's efforts to encourage lawmakers to pass an amendment by Sen. Mark Udall (D-Colo.) to raise the cap on MBLs from 12.25% of assets to 27.5% of assets.
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