In a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing on credit union lending, NAR urged lawmakers to pass S. 509, the “Small Business Lending Enhancement Act of 2011,” introduced by Sen. Udall (D-CO). This bill would increase the cap on member business lending from 12.25% of total assets to 27.5% of total assets for well-capitalized credit unions. This will increase access to credit for NAR’s commercial membership.
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Why can’t COMMON SENSE approaches like this become inacted and used to benefit all?