Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (09/27/2012)
  • WASHINGTON (9/28/12)--Nine Minnesota credit union representatives were in Washington,
    Click to view larger image Click for larger view
    D.C., Sept. 19-21 for the Minnesota Credit Union Network's annual Hike the Hill event. During meetings with the state's congressional delegation, the group focused on the pending member business lending (MBL) vote in Congress. They urged legislators to support the Small Business Lending Enhancement Act. Credit unions and the Credit Union National Association (CUNA) are urging Congress to increase the MBL cap to 27.5% of assets from 12.25%. Doing this would help the economy by injecting $13 billion for new small-business loans and would help generate 140,000 new jobs the first year. Doing so would not cost taxpayers, CUNA said. The Minnesota group also discussed the necessity of passing legislation eliminating the need for physical fee disclosures on ATMs, and the difficulty in conducting credit union operations in today's stringent regulatory environment. Attendees also visited National Credit Union Administration headquarters to meet with Chairman Deborah Matz and board member Michael Fryzel, pictured at the center of the photo. (Photo provided by the Minnesota Credit Union Network) …


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
11 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
12 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
14 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
14 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
17 hours ago