American Banker: CU MBL Reform Among Bills to Watch Posted by AVCU on 2:52 PM

In a special January 28th slideshow presentation entitled "Eight Banking Bills That Aren't Going Away," American Banker named credit union MBL reform as number four.

"The business-lending cap is a huge issue for credit unions," so expect the credit union bill to be back, the paper said. CUNA confirmed as much when it named its top 2013 action priorities. Earlier this month CUNA announced that along with its top priority of preserving the credit union tax status, CUNA will also pursue charter enhancements this year that improve the operating environment for credit unions. Two major initiatives that remain as priorities from 2012 are supplemental capital and increased member business lending.

In its January 28th piece, American Banker noted that the credit union initiative to increase the MBL cap to 27.5% has "always been a bone of contention" with banks, but acknowledged the bill "is not likely to go away."

Watch the American Banker slideshow.