New bill provides some exemptions from credit union commercial loan cap


Bipartsan legislation introduced Monday would permit loans made as part of the COVID-19 relief effort not to county against limits on member business lending.


Community banks call on Congress to rein in credit union regulator


The Independent Community Bankers of America would not rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.


House bill would temporarily lift credit union commercial lending cap


Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap.


Credit unions are bulking up via M&A — and banks are nervous


Bigger credit unions present a formidable challenge for banks in areas such as business lending.


Credit unions defend tax exemption in meeting with Mnuchin


The National Association of Federally-Insured Credit Unions defended the credit union tax exemption and called for other financial reforms during a meeting Tuesday with Treasury Secretary Steven Mnuchin.


Bipartisan Senate bill would let credit unions increase biz lending


Sens. Ron Wyden, D-Ore., Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced a bill Wednesday that would allow credit unions to increase their business lending.


Judge sides with NCUA in member business lending dispute


The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.