WASHINGTON — Although speakers at NAFCU's Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
Many speakers echoed Rep. Ed Perlmutter (D-Colo.), who said few days remain before members of Congress leave Washington to campaign and fiscal and deficit issues will dominate the lame duck session.
Sen. Rand Paul (R-Ky.) said just because Sen. Harry Reid (D-Nev.) told credit union leaders they would get a vote on MBL this year, doesn't guarantee a vote.
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.
