WASHINGTON – CUNA President Dan Mica used today’s Senate hearing on regulatory restructuring to make another pitch for lifting the cap on member business loans, but after the session Senate Banking Committee Chairman Christopher Dodd said he wants to proceed with caution because of concerns about regulatory oversight.

“We can put $10 billion on Main Street in small business loans,” Mica said in response to a question from Sen. Charles Schumer (D-N.Y.) who has said he plans to introduce legislation to lift the cap.

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