For a change, the legislative front is occupying center stage for credit unions in Washington. That’s not surprising, given the flurry of activity from regulators (NCUA, CFPB) early this year that had pushed Congress into the background. But that was temporary. Congress is now trying to cram in as much lawmaking as possible before Capitol Hill essentially shuts down and Members commence campaigning.
Here’s what DCUC is watching on Capitol Hill:
Veterans Member Business Loans- DCUC, working closely with NAFCU, CUNA and the Alaska and Hawaii leagues, succeeded in getting legislation introduced that would lift the MBL cap on loans made to veterans. Sens. Dan Sullivan (R-AK) and Mazie Hirono (D-HI) are once again taking the lead on that side of the Capitol, and efforts are underway to find House supporters.
continue reading »