November 17th, 201728115Recently, European Union officials sat down with industry advocacy groups to discuss how the governing body could help credit unions increase lending to small- and mid-size businesses.
According to a WOCCU press release, the Nov. 7 meeting in Brussels was constructive. Members of the European Parliament and European Commission – two branches of the European Union – talked over EU-backed solutions to credit union’s business lending concerns.
It was a different conversation than the one credit unions officials are having with law makers in the United States, where federal regulation blocks CUs from lending more than 12.25 percent...
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