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Cheney to HuffPo small-biz readers: Know 5 things about Capitol Hill

A new column on the Huffington Post website from CUNA President/CEO Bill Cheney offers small business owners five suggestions for dealing with Capitol Hill and explains them in the context of the current effort to raise the cap restricting member business lending. Huffington Post is running the column just ahead of National Small Business Week, which starts Sunday. And an excerpt from the column, including a call to on the U.S. Congress to increase the MBL cap, was picked up by the San Francisco Chronicle. ... More

NCUA, WesCorp figure settle lawsuit

The chief investment officer at the now defunct Western Corporate FCU and the National Credit Union Administration have entered a settlement agreement in the lawsuit over the mortgage-backed securities losses that WesCorp experienced before its collapse.... More

CU tax status allows affordable choices says CUNA

In a letter to House Ways and Means Oversight Subcommittee Chairman Charles Boustany (R-LA), Credit Union National Association (CUNA) President/CEO Bill Cheney indicated that the credit union tax status allows affordable choices.... More

LSCU Cooperative Image Campaign fundraising wrapping up

There is still time to contribute to one of the largest campaigns ever done by credit unions.... More

Ringleader sentenced to 18 years in St. Paul Croatian FCU collapse

The alleged ringleader in the loan fraud scheme that contributed to the collapse of Eastlake, Ohio-based St. Paul Croatian FCU--one of the largest credit union failures in U.S. history--was sentenced Friday to 18 years in prison.... More

Retailers file response in interchange lawsuit vs. Fed

A coalition of merchants who sued the Federal Reserve Board over the Fed's debit fee interchange rule mandated by the Dodd-Frank Act has filed its response to the Fed's motion to dismiss the case in a federal court in Washington, D.C.... More

Car dealer, Albany area CUs tout business loans

Some Albany, N.Y., area credit unions are aggressively pursuing small business lending, which has benefited small businesses such as a local hotel and an auto dealership.... More

Filene: CUs' MBLs weathered economy better than banks'

Allowing credit unions to expand their commercial loan growth not only could help the economy, but also would improve the resiliency of their loan portfolios in times of economic stress, according to a recent Filene Research Institute study. Policymakers should consider relaxing regulatory caps concerning credit union business lending or consider alternative routes to promote that lending, the study concluded.... More

N.C., S.C. leagues start spring Hill-hike season

Member business lending legislation was again the focus last week, as credit union leaders from North Carolina and South Carolina hiked Capitol Hill to discuss key issues and other credit union priorities with their respective elected officials.... More

MBL cap increase encourages competition, ACI president says

Overall, America needs public policies that encourage competition, and Congress needs to "remove market entry barriers that suppress small business lending," American Consumer Institute Center for Citizen Research President Steve Pociask said in a recent blog post on the group's website, theamericanconsumer.org.... More

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