CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Senators Announce Bipartisan bill to exempt COVID-19 MBLs from cap Senate introduces bill to exempt COVID-19 MBLs from cap, Nussle responds
Press

Senators Announce Bipartisan bill to exempt COVID-19 MBLs from cap Senate introduces bill to exempt COVID-19 MBLs from cap, Nussle responds

May 11, 2020

FOR IMMEDIATE RELEASE
May 8, 2020
Washington, DC

CONTACT:
Lauren Williams
CUNA Communications
202-672-3396      

Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement Sen. Ron Wyden (D-Ore.) introduced a Senate companion bill Friday to a House bill that would exempt pandemic-related business loans from credit unions from the member business lending cap for one year. 

“As small businesses across the country face unprecedented economic hardships, expanding access to capital will be crucial to helping communities remain economically resilient in the face of this pandemic," said CUNA President/CEO Jim Nussle. "Sen. Wyden's proposal is a much needed solution that will leverage the strong relationships that credit unions have in their communities to help Main Street recover and rebuild from this crisis.”

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us