MBL In The News

05/22/2013

 
Udall Reintroduces Bill To Increase CUs' MBL Cap
Sen. Mark Udall (D-Colo.) reintroduced legislation that would increase the credit union member business lending (MBL) cap to 27.5% of assets, from the current 12.25%-of-assets level.

Credit Union National Association President/CEO Bill Cheney thanked Udall for introducing the bill. "Your legislation is a commonsense economic-recovery and job-creation measure that would permit credit unions with experience in business lending to continue to lend to their small business members, without increasing the size of government," Cheney told Sen. Udall.  Read More
 


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