The NCUA's Thursday, June 16 meeting is being postponed a day because of a possible Senate Banking Committee hearing on legislation to raise the cap on member business loans for some credit unions.

The Senate Banking Committee hasn't officially announced the hearing but several sources have told Credit Union Times that there will likely be one on June 16 to discuss the legislation, which is sponsored by Sen. Mark Udall (D-Colo.).

Those sources said NCUA Chairman Debbie Matz has been asked to testify at the hearing, though the agency declined comment, saying any announcement would come from the committee.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.