Search
 

Push Continues on MBL Cap Increase

The urgency to raise the MBL threshold is just as fresh when the current bill debuted last year on Valentine's Day.

By Michelle A. Samaad | Updated on February 26, 2014

A year after the Credit Union Small Business Jobs Creation Act was introduced to raise the member business lending cap from 12.25% to 27.5%, the urgency to boost that threshold is just as fresh as the day the most recently version of the proposed legislation debuted on Valentine’s Day in 2013.

Introduced by Rep. Edward Royce (R-Calif.), the act would give the NCUA Board the authority to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5% of the cooperative’s total assets. That credit union would have to meet certain specified safety and soundness criteria in order to bump up its MBL cap.

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.