Treasury and the Small Business Administration yesterday released their Report to the President on small business financing.
Two of the items that could impact credit union were expanding eligibility for Emergency Economic Stabilization Act funds to all credit unions and raising the cap on credit union member business lending from the current 12.25% of assets. The report was outlining comments made during a government forum held earlier this year.
However, the report read, "Many of the ideas listed in this report are not ones the administration supports or agrees with, but we believe that the best policies are made when we engage in an open dialogue. As a result, we wanted to present for discussion the broad range of views set forth that pertained directly to access to credit or job creation."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
