The Minnesota Credit Union Network is the latest to hostlegislators to discuss industry issues including raising the memberbusiness lending cap.
The Sept. 27-28 meetings were held with Congressman Tim Walz(D-Minn.) and Sen. Amy Klobuchar (D-Minn.) The conversationsfocused on the Small Business Lending Enhancement Act (H.R. 1418and S. 509), which would increase the MBL cap from 12.25% of assets to 27.5%, accordingto the network.
Speaking at the $104 million Accentra CU in Austin, Minn., Walzindicated that he has heard stories of small businesses that arestruggling to obtain loans.
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