So far 130 members of the House and Senate representing both parties and a range of ideological views have agreed be honorary chairs of the Credit Union Cherry Blossom Run.
CUNA letter cites survey showing that 60% of small businesses cite lack of credit as a serious problem; NAFCU says 12.25% cap hinders local lenders.
Even if the Republicans keep control of the House next year, the House Financial Services Committee is likely to have a new chairman.
Sen. Mark Udall (D-Colo.), Rep. Ed Royce (R-Calif.) and Rep. Carolyn McCarthy (D-N.Y.) will apear at the March 18-22 conference in Washington, D.C.
For the past few years, advocates have continued to push for increasing the member business lending cap, and 2011 saw more of the same efforts.
WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Wait till next year. That’s the motto of fans whose teams have a disappointing season, and it’s also sums up the political strategies of CUNA and NAFCU.
A House subcommittee has chosen Christopher Columbus’ birthday to explore whether to give credit unions the right to raise the cap on member business loans.
WASHINGTON — Two members of Congress used their speeches at NAFCU’s Congressional Caucus to deliver news that advances the cause of raising the cap on member business loans.