Advocacy News
Mayors Join Broad Coalition of MBL Support | Tuesday, 19 June 2012

The United States Conference of Mayors has encouraged members of the U.S. Senate to support "efforts to strengthen small businesses and local economies" by voting in favor of the Credit Union Small Business Jobs Act (S. 2231), which would increase the credit union member business lending (MBL) cap.

S. 2231, which could come up for a Senate vote at any time, would increase the MBL cap to 27.5% of assets. The Credit Union National Association (CUNA) has estimated that lifting the MBL cap to 27.5% of assets, from 12.25%,  would create 140,000 jobs and inject $13 billion in new funds into the economy during the first year after enactment. Both benefits come at no cost to taxpayers. S. 2231 currently has 22 Senate co-sponsors.  Read More

Business Coalition Joins MBL Push | Friday, 20 April 2012

A group that identifies itself as a coalition of conservative, libertarian and free-market organizations voiced support Thursday for increased member business lending for credit unions and encouraged lawmakers to vote in favor of legislation that would achieve that end. The group called Sen. Mark Udall's (D-Colo.) Small Business Lending Enhancement Act of 2012 (S. 2231) "a sound, free-market, deregulatory action that will create jobs, help small business, and assist veterans."  More

Gas Retailers Not Passing Fee Savings to Consumers | Wednesday, 18 April 2012

Although gas retailers in the U.S. are saving $1 billion a year through the subsidy provided by the Dodd-Frank Act's interchange fee provision, they are not passing the savings on to consumers, according to a new study from the Electronic Payments Coalition.

The interchange amendment to the Dodd-Frank Act has seen interchange rates reduced by 70% for debit card payments for gasoline, said EPC, which is a coalition of banks, credit unions and card networks opposed to the interchange rules. Dodd-Frank capped what retailers pay to accept debit interchange beginning last October.  More

MBLs And More on Tap as Congress Returns | Monday, 16 April 2012

Although increasing member business lending authority for credit unions remains the top priority for CUNA and credit unions as members of the U.S. Congress return to Washington this week, CUNA Senior Vice President of Legislative Affairs Ryan Donovan said there is still plenty for credit unions to keep an eye on.  More

Lawmakers Discuss the 'Relationship Business' of Politics | Wednesday, 21 March 2012

"We're in a relations business when we're in the law making business," Rep. Lynn Jenkins (R-Kan.) told the audience during a breakout session at the Credit Union National Association's (CUNA) 2012 Governmental Affairs Conference (GAC) in Washington Tuesday.

Jenkins and Rep. Ed Perlmutter (D-Colo.) addressed the importance of establishing relationships with state legislators during a panel discussion entitled "From the State House to Capitol Hill: The Critical Nature of State Advocacy."  More

Udall, McCarthy Back MBL Efforts In Senate and House | Wednesday, 21 March 2012

Members of the Senate and the U.S. House both touted their support for member business lending legislation, but told attendees of CUNA's Governmental Affairs Conference that lawmakers will need credit unions' help to get the legislation passed.  More

GAC Attendees Offered Advocacy Advice | Tuesday, 20 March 2012

Attendees of the CUNA 2012 Governmental Affairs Conference received their advocacy marching orders on Monday, with CUNA staff and a guest speaker briefing a packed conference hall on the latest legislative and political issues, and how best to convey the credit union point of view on these matters.  More

Legislation, Hearings on Tap as CUs Visit Hill | Tuesday, 20 March 2012

Washington will be packed this week, with credit union advocates taking their message to Washington legislators as part of the CUNA 2012 Governmental Affairs Conference, and business will proceed as usual on Capitol Hill, with both the U.S. House and Senate in session. More

Supplemental Capital Leads Credit Unions to Create Coalition | Friday, 16 March 2012

There’s a new sheriff in town to wrangle up support for credit union access to supplemental capital.

The Coalition for Credit Union Access was formed specifically to push for the passage of H.R. 3993, The Capital Access for Small Business and Jobs Act, and will not likely take on other topics, according to a spokesperson.  More

Senate Majority Leader Reid Pledges Vote on MBL | Friday, 16 March 2012

U.S. Senate majority leader Harry Reid (D-Nev.) and Sen. Mark Udall (D-Colo.) both spoke in the Senate floor Thursday in favor of legislation to increase the credit union member business lending cap.  More

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