House conservatives have agreed to drop the NCUA's new MemberBusiness Rules from a list of regulations they want eliminatedduring the first hundred days of the Trump Administration, RyanDonovan, CUNA's chief advocacy officer said Wednesday.

The House Freedom Caucus recently released a list of more than200 rules and regulations it wants Congress and the incomingadministration to tackle.

The business lending rule was included on that list.

Donovan said that the Freedom Caucus had included the lendingrules on the list because the rules were issued within thetimeframe that allows Congress to revoke regulations at the end ofan administration.

The Congressional Review Act enables Congress to void suchrules, known as “midnight regulations” because they are issuedduring the closing days of an administration.

The law has only been used successfully once since its enactmentwhen Department of Labor regulations governing ergonomics in theworkplace were overturned.

However, House Republicans have expressed a desire to use thelaw at the end of the Obama Administration.

Donovan said CUNA and the Carolinas Credit Union Leaguecontacted the office of Rep. Mark Meadows (R-N.C.) to explain thatrather than stifling business, the MBL rules would allow creditunions to expand lending.

Based on that argument, Meadows agreed to drop the rules fromthe documents.

“There…was no ill intent,” Donovan said.

Meadows's office did not respond to multiple messages.

Donovan acknowledged that another set of NCUA rules—thoseexpanding credit union fields of membership—also were issued duringa timeframe that could subject them to the Congressional ReviewAct.

He added, however, that he has not heard of any effort torescind those rules, saying that CUNA was prepared to argue thatthe regulations help, rather than constrain credit union efforts toprovide services.