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The Advocate Blog

Senate CU MBL Bill Gets CFA Backing

The Small Business Lending Enhancement Act (S. 968) would "expand access to affordable credit for small businesses and help strengthen local marketplaces that serve consumers well," the Consumer Federation of America (CFA) said in a letter to Sen. Mark Udall (D-Colo.).
S. 968, which was introduced... More

Sen. Warner, House Majority Leader Cantor & Other Delegation Members Address CU Advocates at Congressional Luncheon

[VIEW PHOTO GALLERY]

More than 120 credit union advocates from around the Commonwealth converged in Washington Wednesday for the League’s annual Congressional Luncheon.

Most of Virginia’s delegation members attended the event, although two attendees … Reps. Bobby Scott (D-3) and Jim Moran (D-8) …... More

Washington Post, NPR, WTOP: Biz Lending Stymied by Limits

Credit unions’ small business lending efforts received recognition in  three separate features in prominent Washington,D.C. media, including National Public Radio (NPR);  theWashington Post’s weekly business journal, Capital Business; and WTOP. They told how the... More

Gov. Kaine Tells League, CUs He’d Support Raising MBL Cap

Representatives from the League and credit unions met with Gov. Tim Kaine in Richmond on Tuesday to discuss key credit union issues.

The highlight of the meeting was Gov. Kaine’s support for raising the member business cap, noting that he considered it a small business and credit availability issue.... More

Credit Union Reps Off to Washington to See Sen. Warner, Rep. Hurt

Credit union representatives will meet with Sen. Warner and Rep. Hurt July 25 to urge their support of legislation that would raise the cap on member business lending.

Both lawmakers are key to our efforts: Warner sits on the Senate Banking Committee and Hurt is a member of the House Financial Services... More

Virginia Hikes the Hill in End of Session Effort To Move MBL Legislation

Virginia hikes the hill 1

Credit Union representatives from Martinsville DuPont Credit Union visit with Rep. Morgan Griffith (pictured second from left) to... More

CUNA Action Call urges CUs to Oppose TAG Bill

WASHINGTON (UPDATED: 4:00 P.M. ET, 12/6/12)–In a new call to action, the Credit Union National Association (CUNA) is encouraging its member credit unions and leagues across the country to contact and urge their senators to oppose legislation that would extend for banks the Transaction Account Guarantee... More

CU Charter Enhancements Are Unveiled For 113th Congress

Two key pieces of legislation that would enhance the credit union charter were introduced in the U.S. House last Thursday: One bill (H.R. 688) would address the credit union member business lending (MBL) cap, and another (H.R. 719) would improve credit unions’ access to secondary capital.

“Credit... More

Credit Union MBL Bill Is Reintroduced

WASHINGTON (UPDATED: 2/14/13, 12:15 p.m. ET)--Rep. Ed Royce (R-Calif.) today reintroduced legislation (H.R. 688) that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level, and the Credit Union National Association in a letter thanked... More