DALLAS (7/13/10)--Congress should “give credit unions broader authority to make the small-business loans that banks aren’t making,” according to a Saturday editorial in the Dallas Morning News, which noted it would be a way to increase capital to small businesses at no cost to taxpayers. The editorial mentioned that bankers predictably are against credit unions’ goal to have Congress raise the small-business lending cap to 27.5% of assets from the current 12.25% limit. U.S. Sen. Mark Udall (D-Colo.) has drafted an amendment that could be added to a pending small-business lending bill that would raise the cap to that level. (SEE RELATED STORY, “MBL amendment could be offered for possible Senate jobs bill today.”) “The higher cap would free the institutions to generate $10 billion in new loans in the first year and add more than 100,000 jobs nationally,” the editorial said. “And, best of all, taxpayers would not be on the hook for any of this.” Credit unions are not a threat to banks, despite bankers’ claims, the editorial said. “Even if most credit unions reached the [27.5%] cap, banks would still have more than 90% of the small-business market. “If bankers aren’t willing to be a bigger part of the solution, Congress must allow credit unions to fill the void,” the News concluded.