Banks ought to lend more to businesses rather than continuingtheir adamant opposition to raising the cap on member businessloans.
That's the message that representatives of CUNA and NAFCU planto deliver during testimony before a House subcommittee on Wednesday.
“Unlike efforts enacted by Congress to provide $30 billion topromote business lending at community banks, credit unions don't need to take taxpayer dollars to make worthwhile loans,''Corning FCU President/CEO Gary Grinnell said in preparedtestimony.
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.
Already have an account? Sign In Now
© 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.
