Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUs continue push for MBL support in Senate this week
WASHINGTON (7/27/10)--The Credit Union National Association (CUNA) and sponsor Mark Udall (D-Colo.) continue to work to drive support for member business legislation ahead of potential action this week. Job-boosting small business legislation was discussed last week, with an amendment that would create a $30 billion lending fund for small banks being added on Thursday. It is not known if the MBL legislation, which would lift the MBL cap imposed on credit unions from the current 12.25% to 27.5% of total assets, will come up for discussion this week, and the potential for discussion on the small business bill is also unknown at this time. While the house will wrap up the first half of 2010 at the end of this week, the Senate will likely remain in session through August 6. Further action on small business legislation could take place at that time. The House schedule for the week includes discussion of supplemental funding bills and possible changes to funding for the department of Housing and Urban Development. A House Financial Services Committee markup on internet gambling legislation will also take place later today.


RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
7 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
10 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
11 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
12 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
13 hours ago