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NCUA: Exam Guide to Include MBL, Commercial Lending Guidance

Effective January, the guidance was sought by the CUNA-League system. The significant news for credit unions represents the latest component of the agency’s online Examiner Guide.

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CUNA, NWCUA Back NCUA MBL Rule in Wake of ICBA Lawsuit

Called a “publicity stunt” by CUNA CEO Jim Nussle, the lawsuit was filed Wednesday by the Independent Community Bankers of America challenging the NCUA’s revised MBL rule.

Final Member Business Lending Rule Ushers in a ‘New Era’

The National Credit Union Administration has approved a modernized Member Business Lending rule giving federally insured credit unions greater flexibility.

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.

Submit Your Comments on the NCUA’s Member Business Lending Proposal

Read the NWCUA’s draft comment letter, join a CUNA webinar on the proposed bill, and get your comments in by the August 31 deadline.

NCUA Proposes New Member Business Lending Rule

The proposal would remove or modify a number of prescriptive limitations to member business lending, opting for a principle-based approach. It would also do away with the 12.25 percent of assets limit, in favor of a net worth ratio.

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.

Sen. Udall Reintroduces MBL Legislation

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

Northwest Credit Unions Have Impact in Meetings with Federal Legislators

More than 230 Northwest credit union advocates hiked the Hill in Washington, D.C., this week for face-to-face meetings with 13 of the region’s congressional representatives and all four U.S. senators. The messages: protect our cooperative tax structure, pass MBL and supplemental capital, and reduce our regulatory burden.

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.

Credit Unions Recognized for Lobbying Efforts Against TAG Bill

The Hill chose credit unions’ recent successful campaign to defeat the banks’ TAG extension as one of the top-10 lobbying victories of 2012. Google, Public Knowledge and Yahoo! earned top billing for their work opposing the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA).

Longview Acupuncture Clinic Stands as Monument to MBL Success Stories

An Acupuncture clinic in Longview, Wash., found some financial love from a credit union that it couldn’t find at a bank. Acupuncture Northwest is another MBL success story that could be repeated if Congress will act to lift the lending cap.

Reid Files Cloture on Bankers’ TAG Bill as Behind-the-Scenes MBL Advocacy Continues

The Senate will vote early next week on S. 3637, a bill that has been seen as a possible companion for MBL legislation that would extend TAG coverage for banks. “The status of our MBL bill on Capitol Hill remains very fluid,” NWCUA President and CEO Troy Stang said. “The situation is evolving hourly.”

NWCUA Advocacy Team Takes to the Hill for Final MBL Push as Senate Considers TAG, MBL Pairing

“Sen. Harry Reid introduced a TAG bill Monday night and is looking to expedite it to the Senate floor for a vote,” said Jennifer Wagner. “It looks like he is putting into motion a scenario where our MBL bill and the TAG Bill may be merged together to help ensure passage of our priority legislation.”

MBL Update: Advocates Urge Lame-Duck Congress to Support S. 2231

“We will continue to share the credit union difference with our legislators until our bill receives a vote, and we are confident that we will have the support we need when that time comes,” said NWCUA Director of Legislative Advocacy Jennifer Wagner, who is on Capitol Hill with a group of Northwest credit union advocates this week.

Spokane’s Aqua Elite Spurring Growth with Credit Union MBL

After difficulty securing financing through banks, Jessica and Mike Huey turned to a local credit union for an MBL that allowed their business to increase its visibility and improve its economic footing.

CUNA’s Cheney Releases Video Urging Action in Support of MBL Bill

CUNA President and CEO Bill Cheney released a video this morning encouraging credit unions to take immediate action in support of MBL legislation in the Senate. Banks have issued a similar call and will have a delegation in D.C. during CUNA’s MBL Hike later this month.

CUNA Plans November Fly-In as MBL Legislation Nears Critical Point in Senate

Anticipating a lame-duck Senate vote on legislation to increase the MBL cap, CUNA has called for a national fly-in the week after Thanksgiving to make a timely push with legislators. According to Bill Cheney, “This is likely our last chance to really make an impact on this legislation for this Congress.”