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Three Federal Bills Introduced Would Impact Credit Unions

Feb
19
Three Federal Bills Introduced Would Impact Credit Unions

Federal lawmakers have introduced three bills in the U.S. House of Representatives that would impact credit unions .  The bills, introduced between February 14 and 15, deal with member business lending, supplemental capital, and privacy notification requirements.

The new member business lending bill (MBL) is. H.R. 688 and was introduced by U.S. Rep. Ed Royce (R-CA)on February 14 .  It would lift the credit union member business lending cap to 27.5% of assets, from the current 12.25%.

Posted By Amy McLard read more

Missouri's Clay Cosponsors Supplemental Capital Bill - Credit Union Call to Action

Feb
15
Missouri's Clay Cosponsors Supplemental Capital Bill - Credit Union Call to Action

Missouri’s U.S. Rep. William Lacy Clay (D-District 1) has signed on as a cosponsor to the newly introduced supplemental capital legislation - H.R.

Posted By Amy McLard read more
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