Trade group responds to ICBA letter to Senate staff that said Congress should wait on MBL vote until effects of LICU expansion are known.
Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...
New record high announced during National Small Business Week as trade group, Sen. Mark Udall repeat call for raising member business lending cap.
Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Senator advises colleagues "to move forward carefully."
Colorado Democrat says upper chamber will vote this year on his bill despite reports of its indefinite delay.