Representative Spencer Bachus (R-Ala.), the most senior Republican on the House Financial Services Committee told attendees of CUNA's Governmental Affairs Conference on Feb. 24 that it was time for Congress to lift the cap on credit union's business lending.
"I think that among the strongest things you have is that your reputation has survived [the financial crisis]," he said and then, referring to Rep. Barney Frank who preceded him to the podium, Bachus added that he had heard Frank refer to member business lending as controversial.
"I agree with him that the topic is controversial, but I believe that if there was a time to raise that level, now is the time do it," Bachus said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
