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MBL Hearing in House Set

A House subcommittee has chosen Christopher Columbus birthday to explore whether to give credit unions the right to raise the cap on member business loans.

By Claude R. Marx | Updated on October 03, 2011

A House subcommittee has chosen Christopher Columbus’ birthday to explore whether to give credit unions the right to raise the cap on member business loans.

The House Financial Services Committee’s Subcommittee on Financial Institutions and Credit is planning a hearing on Oct. 12 at 2 p.m. on legislation to raise the MBL cap from 12.25% to 27.5%.

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