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S. 2231

JOBS Act Becomes Law: Tell Senators “Now It’s Time to Help Main Street”


President Obama signed the Jumpstart Our Business Startups (JOBS) Act on April 5.  The new law includes language that helps the banks, including a provision that raised the Securities and Exchange Commission (SEC) registration threshold for banks.   The Independent Community Bankers of America (ICBA) is touting this as a legislative win, which allows more banks to change their tax status to Subchapter S and reduces their regulatory requirements.    

Posted By Amy McLard read more

Bankers Send Out Anti-MBL Message: Don't Let them Speak for Credit Unions


Bankers are pushing anti-credit union and anti-MBL messages as we head towards a vote on S. 2231, the Credit Union Small Business Jobs Bill.  They are trying to define who credit unions should serve and how credit unions should serve them.

Here’s just a sample of what banks are sending to  Capitol Hill:

Posted By Amy McLard read more

Call to Action Plan: Countdown to MBL Vote


A vote on the member business lending bill, S. 2231, is expected soon by the U.S. Senate and credit union leaders are asked to take part in a comprehensive call to action effort in support of member business lending.

Posted By Sharon Bahr read more


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