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The Advocate Blog

Paul, Whitehouse Intro MBL Cap Increase in Senate

(From CUNA's NewsNow)
WASHINGTON (9/11/15)--Sens. Rand Paul (R-Ken.), Sheldon Whitehouse (D-R.I.) and Jack Reed, both Democrats from Rhode Island, introduced a credit union member business lending (MBL) bill this afternoon to increase the statutory cap to 27.5% of a credit union's assets. 

Under... More

Royce to Intro New MBL-Related Legislation This Week

Legislation that would exempt certain housing loans from the member business lending cap will be introduced this week, Rep. Ed Royce (R-Calif.) told 2014 Credit Union National Association Governmental Affairs Conference attendees this morning. The bill, known as the Credit Union Residential Loan Parity... 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