Republican presidential candidate and Texas Gov. Rick Perry recently threw his support behind increasing the member business lending cap.
Speaking at the Iowa Credit Union Convention Sept. 16, Perry questioned the need for the 12.25% threshold.
"You serve small businesses, and you need to have that member business lending cap raised. That is an arbitrary number that someone said was 12%, and why it's 12% no one can answer," Perry said to more than 250 attendees at the Iowa league meeting.
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