ARLINGTON, Va. — NAFCU is encouraging credit unions to make their voices heard during a series of public comment meetings hosted by the Small Business Administration on its lender oversight and credit risk management systems.
SBA is proposing a regulatory framework for oversight of participants in the 7(a), 504 and Microloan lending programs. This regulatory framework aims to enhance SBA's Office of Credit Risk Management's ability to maximize the efficiency of agency's lending programs by effectively managing program credit risk, monitoring lender performance, and enforcing lending program requirements.
SBA's first public comment meeting was scheduled to take place April 1 in San Francisco. The remaining dates are:
April 3, Los Angeles, registration deadline was March 27.
SBA District Office, 330 N. Brand Blvd. Suite 1200
Glendale, CA 91203
April 8, Boston, registration deadline: April 1.
O'Neil Federal Office Building, 10 Causeway Street Auditorium, Boston, MA 02222
April 9, Philadelphia, registration deadline: April 2.
Robert N.C. Nix Building, 900 Market Street, 2nd Floor, Courtroom Number 7, Philadelphia, PA 19107
April 15, Atlanta, registration deadline: April 8
Kennesaw State University, Continuing Education Center, 3333 Busbee Drive, Room 400, Kennesaw, GA 30144–3089
April 16, Ft. Worth, Texas, registration deadline: April 9
SBA Disaster Office, 14925 Kingsport Road
Ft.Worth, TX 76155
April 17, Kansas City, Mo., registration deadline: April 10
SBA District Office, 1000 Walnut Street, Suite 500
Kansas City, MO 64106
April 18, Chicago, registration deadline April 11
Citicorp Center, 500 West Madison Street, 3rd Floor Conference Center, Chicago, IL 60661
"We continue to believe that the 7(a) program is a valuable program for credit unions to participate in," said Carrie Hunt, NAFCU's director of regulator affairs. "We urge our members to comment on SBA's plan so that this program may be administered efficiently and effectively for our members."
NAFCU has raised concerns over the inclusion of SBA preferred lenders in the same peer group as the regular program for lender oversight. The association has also recommended that lenders focusing on specific industries or geographic locations be compared with one another. It is also urging transparency in the lender risk rating system, particularly its use of a small business predictive score.
For more meeting details, log on to the Federal Register at
http://a257.g.akamaitech.net/7/257/2422/01jan20081800/edocket.access.gpo.gov/2008/pdf/E8-5856.pdf.
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