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.

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.

Oregon Legislative Week in Review, Feb 2-6

Bills for prize-linked savings and updating the OR Credit Union act introduced; plus updates on other bills we’re tracking.

Sen. Udall Reintroduces MBL Legislation

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

MBL Bill Introduced in House, Supplemental Capital Bill Expected Today

A bill that would more than double the MBL cap was introduced in the House of Representatives this morning, and another that would give credit unions access to supplemental capital is expected to be introduced in the House this afternoon.

Washington Legislative Week in Review: Committees, Hearings and Credit Union Day at the Capitol

The Washington State Legislature is in full swing, and as committees begin holding hearings, a number of bills are in the works with a potential impact on credit unions.

Two House Bills Impacting Credit Unions Introduced in Oregon

More than 1,200 bills were introduced yesterday in the Oregon Legislature, including two at the request of the House Interim Committee on Revenue with potential ramifications for credit unions.

Interchange Legislation Could be Introduced This Week

Credit unions are calling on Congress to stop, study and start over on planned interchange fee regulations, and legislation that would do just that could be introduced later this week.