WASHINGTON — With legislation to raise the cap on member business loans languishing in committee, CUNA reached out to business groups to help make its case.
Business owners and credit union executives joined forces on a Hike the Hill to lobby lawmakers on a range of issues, including a measure that would raise the cap on MBLs from 12.25% of assets to as much as 27.5% of assets.
CUNA and NAFCU have been pushing the measure for several years but are hoping that the sluggish economy and slow job growth might prompt lawmakers to pass it this time.
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.
