CUNA Letters to Congress on Auto Lending CRA and Small Business Lending
FOR IMMEDIATE RELEASE
CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; firstname.lastname@example.org
Washington, D.C. (May 7, 2018) – This afternoon Credit Union National Association sent two letters to Congress in support of several bills on the House floor this week. See below for insights into each letter.
- S.J. Res. 57: CUNA President/CEO Jim Nussle wrote this letter in support of S. J. Res. 57 which would use the Congressional Review Act to void the Bureau of Consumer Financial Protection’s indirect auto lending bulletin from 2013. CUNA supports the joint resolution as small credit unions are harmed most by poorly tailored policymaking and CFPB bulletins should be subject to the CRA. Additionally, credit unions support using the CRA for indirect auto lending guidance.
- H.R. 4743: CUNA sent this letter to express support of the Small Business 7(a) Lending Oversight Reform Act of 2018, which is designed to improve the Small Business Administrations’ 7(a) lending program. Through SBA-administered loan programs, credit unions can provide additional lending opportunities to qualified entrepreneurs.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.