(From CUNA's News Now, Nov. 4)
As a bill to give federal savings associations rights and duties equal with national banks passed a U.S. House committee, a series of lawmakers said Congress should also focus on relief for credit unions, which have a superior safety and soundness record.
The House Financial... More
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
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
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
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 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
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
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.
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