CUNA, CCUL get MBL rule off of Meadows’ proposed regulatory cuts

CUNA and the Carolinas Credit Union League (CCUL) ensured last week that a report by Rep. Mark Meadows (R-N.C.) containing a list of regulations the incoming administration could repeal did not include the NCUA’s recent member business lending (MBL) rule.

On Dec. 14, Meadows, chair of the House Freedom Caucus, released a 21-page report outlining 228 federal rules and regulations that President-elect Donald Trump could excise or scale back to reduce red tape and fuel economic growth.

But as the initial report included the NCUA’s MBL rule, CUNA and CCUL staff promptly set up a meeting with Meadows’ office to learn why, particularly as the rule explicitly aims to foster economic growth, not encumber it.

Meadows’ office quickly stated that the rule was included inadvertently.


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