Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA issues comment call for new SBA rules
WASHINGTON (5/29/09)—The Credit Union National Association (CUNA) has issued a regulatory comment call on the U.S. Small Business Administration's (SBA) proposal to change the size criteria of businesses eligible for the SBA’s 7(a) guaranteed business loan program. The revised rule would extend 7(a) loans to small businesses with a net worth of $8.5 million or less, a move that could grant eligibility to as many as 70,000 additional small businesses. The changed standard would only apply until Sept. 30, 2010. CUNA is asking for industry comment on whether or not credit unions support this changed size requirement and if the changed rules should be extended beyond September 2010. Comments are due to CUNA by July 22. For more information, use the link.


RSS print
News Now LiveWire
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
9 minutes ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
1 hours ago
Are you going to be naughty or nice to your budget with holiday spending? http://t.co/FcN2YPxCIU
2 hours ago
Did U miss the July @TheNCUA open meeting? Now a video recording is available on the agency’s website. Go here: http://t.co/cxGs2bkdKt
2 hours ago
What about creating the Central Bank of #Bitcoin? via @ColoradoBizMag http://t.co/jNOGCxjEEt
3 hours ago