House Financial Services Committee Vice Chairman Gary Miller's (R-Calif.) anticipated regulatory relief bill probably won't include a provision that would increase the member business lending cap, said CUNA Executive Vice President of Government Affairs John Magill during a press call Monday morning.
Although Magill stressed that he doesn't know which provisions will be included in Miller's bill, he said he expects it will focus on "general topics and provisions" that would provide regulatory relief to both banks and credit unions.
Member business lending, the CUNA lobbyist said, would be too controversial.
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