WASHINGTON – As final votes appear on the small business lending bill that could raise the member business loan cap for credit unions CUNA has hired a new outside lobbying firm to help in the effort, Hecht Spencer & Associates.
Timothy Hecht, a former deputy political director for the first Bush White House, and Franklin Phifer, a former aide to the House Ways and Means Committee, are lobbying for the trade group.
The move comes as the Senate is poised to add the MBL provision to the loan bill, which passed the House without the credit union provision. The proposal would raise the 12.25% of assets cap to as much as 27.5%.
