Lending

Three co-sponsors so far have joined the two original sponsors of the House member business loan cap bill, a companion to a Senate bill.

Homeowners who agree to turn their residences into essentially billboards for a product or service may have their mortgage paid every month for a while.

A bill that would provide oversight of the new $30 billion Small Business Lending Fund, including putting an inspector general in charge, has been introduced.

Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) today introduced legislation to raise the cap on member business loans from credit unions to as much as 27.5% of assets.

Taking part in a special “Student Lending Fair,” Pennsylvania credit unions will be showcasing to lawmakers and policymakers next week what they see as an enlarged role in student lending amidst the ongoing state budget cutbacks.

The $1.1 billion Associated Credit Union in suburban Atlanta is among the latest to offer a loan product to federal employees should the government shut down Saturday.