Late Thursday, Senator Joe Lieberman (I-Conn) introduced the Senate version of the ABA-opposed Credit Union Regulatory Improvements Act (S 2957)—better known as CURIA. Like its House companion bill (HR 1537), it would, among other things, loosen credit unions' capital standards, increase their cap on business lending from 12.25 percent of total assets to 20 percent, and expand their authority to add underserved communities to fields of membership.
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