WASHINGTON — Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, expressed her support for two credit union bills at an industry conference on Wednesday.

The California Democrat said she would back proposals, reintroduced earlier this month, to double a credit union lending cap to 27.5% of assets and allow institutions to access supplemental forms of capital. Currently, credit unions are only able to raise their net worth via retained earnings.

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.