Senate Majority Leader Trent Lott plans to move legislation by July 20 that would ease credit union membership limits, industry leaders said Tuesday.

Meanwhile the Senate Banking Committee is expected to vote July 9 on the Shelby-Mack regulatory relief bill, which would permit interest payments on business checking accounts and required reserves, banking lobbyists said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.