Delay Casts Doubt On Credit Union Lending Cap Bill

Law360, New York (April 23, 2012, 8:03 PM EDT) -- The prime backer of a U.S. Senate bill that would more than double the amount credit unions can lend to small businesses remained hopeful of passage Monday even after an expected vote was delayed, but other supporters were less confident.

The bill, which has the backing of Senate Majority Leader Harry Reid, D-Nev., was expected to come up for a vote some time this month. But in a potential win for banks that have lobbied furiously against the bill, a vote has been delayed until at...
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