Bill to Raise MBL Cap Introduced in Senate

The bill would raise the cap on member business lending to 27.5% of a credit union’s assets, opening billions in capital for small businesses.

NCUA Removes Fixed Asset Cap for Federal Credit Unions

At its monthly Board meeting, the administration also approved a final rule on capital planning and stress testing, said future Stabilization Fund assessments were unlikely, and revised its 2015 budget down by $1.3 million.

NCUA Proposes Removing Fixed Asset Cap

Proposed rule would remove regulatory cap in favor of supervisory oversight and guidance.

CUNA-Backed Bill to Raise MBL Cap Introduced in U.S. House

Higher cap would create 140,000 new jobs and $13 billion in new business lending, estimates CUNA.

Appeals Court Overturns Merchant Challenge to Fed’s Interchange Cap Rule

A U.S. Court of Appeals overturned a lower-court ruling today that supported merchants’ arguments in the ongoing debate over the interchange fees financial institutions charge for accepting card-based transactions. The Fed’s cap on “swipe fees” is not too high, the court ruled.

DelBene to Co-sponsor Credit Union Small Business Job Creation Act

U.S. Rep. Suzan DelBene will become the second member of the Washington delegation to co-sponsor the Credit Union Small Business Job Creation Act when Congress reconvenes in the nation’s capital next week.

Sen. Udall Reintroduces MBL Legislation

Federal legislation that would increase credit unions’ member business lending cap has been reintroduced in the Senate.

Capital Access Program Connects Lenders with Small Businesses in Need

As credit unions continue to advocate for increased MBL capacity, the CAP program, a government-funded initiative available to financial institutions on a state-by-state basis, can help credit unions connect with small businesses in need of loans while offsetting some of the accompanying risk.

Bread & Butter: Northwest Credit Unions Spreading Small-Business Financing Around Region

Efforts by Northwest credit unions to increase their member business lending have proven fruitful as the region’s not-for-profit small-business financiers outpace growth by traditional sources.

Credit Unions ‘Fact Check’ ABA Talking Points, Continue to Rally MBL Support

As credit unions continue to push to raise the MBL cap, the banks continue to put up roadblocks. Credit unions have issued a document “fact checking” the ABA’s talking points against S. 2231 as Northwest credit unions continue advocacy efforts.

Inside the CUNA GAC: STCU Business Members Urge Support of Bill to Raise Lending Cap

Dan Hansen, sr. communications officer for Spokane Teachers Credit Union, offers an insider’s view of credit union advocacy efforts in the face of staunch bank opposition at last week’s CUNA GAC.

Senate Majority Leader Promises Floor Vote on MBL Legislation

U.S. Senate majority leader Harry Reid to Congress: “Democrats and Republicans are going to have to make a decision on where they stand for American credit unions.”

Mayor Adams Seeks Comment on Responsible Banking Resolution, Bonamici Pushes MBL Agenda

Portland’s mayor is seeking input on a Responsible Banking Resolution, which recommends Oregon credit unions be allowed to accept public funds. Meanwhile, Rep. Suzanne Bonamici will be sworn in today and continues to emphasize raising the MBL cap.

A Sit-Down with the CEO: John Annaloro Discusses the History Behind the MBL Cap

With a House subcommittee hearing scheduled for Wednesday on the subject, Anthem asked CEO John Annaloro about the history of credit union business lending and about how the MBL cap came into being.

Blumenauer to Co-Sponsor Member Business Loan Legislation

Oregon Congressman Earl Blumenauer is now co-sponsoring legislation to raise the cap on member business loans, a move that stands to benefit the credit union movement and bolster the U.S. economy.

Fed Approves Revised Swipe Fee Plan

After months of waiting and hard fought legislative and regulatory battles, yesterday the Fed revised plan moves from a flat 12 cent cap to a 21 cent fee with some add-ons.

Oregon Rep David Wu Co-Sponsors HR 1418

Oregon Congressman David Wu yesterday added his name to the list of H.R. 1418 co-sponsors. The House bill will increase the credit union member business lending cap to 27.5 percent of assets.

The Corner Office: Eliminate the MBL Cap

WECU CEO Wayne Langei argues for eliminating the member business lending cap in the first of Anthem’s opinion series.