S. 2028 would raise the MBL cap to 27.5% of assets. The NCUA's MBL reform could affect the bill.
Another piece of credit union legislation is introduced before CUNA's Governmental Affairs Conference.
NCUA Board Member Metsger explains why he spearheaded a proposal that would eliminate the 5% fixed assets cap.
LAS VEGAS - Find everything you need to know about NAFCU's Annual Conference, including photos of speakers and attendees.
LAS VEGAS — NCUA Chairman Debbie Matz announced Wednesday that the agency plans to propose a rule that would eliminate the 5% cap on fixed assets at the July 31 board meeting.
The $209 million California credit union cites limits on business lending as its reason to leave the credit union fold.
Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.
CUANY reports a 15% MBL increase in the first three months of 2012.