Here's proof the housing bubble is about to burst

In California, a reversal of foreclosure fortunes

Lenders adapt to the homeowner bill of rights

Remember Ellie Mae’s cyber attack? It didn’t happen

No evidence of malicious attack found
W S

Credit unions fight cap law

/ Print / Reprints /
| Share More
/ Text Size+
A showdown between credit unions and banks could have serious implications for small-business lending. Credit-union lobbying groups in Washington are pushing for legislation that would lift a 12-year-old law that curtails credit-union lending to 12.25% of total assets. Raising the cap to 25% and easing other restrictions would allow credit unions—important sources of financing for many small operations—to extend up to $10bn in additional business loans in the first year the cap is lifted, according to the Credit Union National Association in Washington.

Recent Articles by Diana Golobay

Comments powered by Disqus