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Business Lending Hearing Set

The House Financial Services Committee has reset the business lending hearing for Friday Feb. 26. The hearing will most likely get underway in the morning at 9:30 or 10am. The hearing is also expected to have members of the House Small Business Committee in attendance. There is one credit union representative on the agenda; Ron Covey, president/CEO of St. Mary's Bank Credit Union of Manchester, NH.


The business lending hearing is the one where the LSCU asked member credit unions to share member business lending letters with the House Financial Services Committee Chairman Barney Frank. If you have any letters to share, please send the Liz Furey at CUNA. The LSCU asks that you also send a copy to either Vice President, Legislative Affairs/Staff Counsel Will McCarty or Vice President, Legislative Affairs Mark Landreth.

The committee also announced it would be looking at financial services compensation again. That hearing will be Feb. 25.