CUNA CEO Bill Cheney wrote a piece that has appeared in the Aug. 12 Huffington Post attacking banks for holding back the the MBL bill.
"Giving credit unions more business lending strength could be one key part of the response" to the ongoing economic downturn, Cheney wrote.
"Credit unions need the ability to raise their lending capacity to as much as 27.5 percent of assets, as proposed in legislation pending in Congress. Right now, credit unions are capped at 12.25 percent — and while they have the money to lend, they're bumping up against that lower cap."
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