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Lawmakers Cozy Up to MBL Hike

WASHINGTON Two members of Congress used their speeches at NAFCUs Congressional Caucus to deliver news that advances the cause of raising the cap on member business loans.

By Claude R. Marx | Updated on September 25, 2011
NCUA Board Member Gigi Hyland urges credit union executives to be aggressive when taking their message to Capitol Hill. She urged them to focus on how they could create more jobs if lawmakers raise the cap on member business lending and also urged them to explain why they need to keep their tax exempt status.

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.

Rep. Shelly Moore Capito, chairman of the House subcommittee on financial Institutions and consumer credit, said her panel will hold a hearing sometime in October on the legislation as part of  efforts to look at ways to jumpstart the economy and create more jobs.

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