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The CU lobby had hoped to have its regulatory relief bill-known as CURIA-introduced before CUNA's Government Affairs Conference, but lobbyists were still haggling last week over a single number.
CUNA was still pressing last week to raise the cap on member business loans-set at 12.25% of assets in HR 1151, the landmark 1998 CU Membership Access Act-all the way to 25%, to the consternation of key sponsors of the bill, who had agreed to push for a 20% cap in the last Congress.
NAFCU, which had called on the sponsors to erase the cap-enacted at the prompting of the bankers-altogether, but was willing to settle for the 20% limit, several sources involved in the negotiations over the bill told Credit Union Journal.
The...