The NCUA's Thursday, June 16 meeting is being postponed a day because of a possible Senate Banking Committee hearing on legislation to raise the cap on member business loans for some credit unions.
The Senate Banking Committee hasn't officially announced the hearing but several sources have told Credit Union Times that there will likely be one on June 16 to discuss the legislation, which is sponsored by Sen. Mark Udall (D-Colo.).
Those sources said NCUA Chairman Debbie Matz has been asked to testify at the hearing, though the agency declined comment, saying any announcement would come from the committee.
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