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WASHINGTON – While the Senate Banking Committee’s version of regulatory relief is not as far-reaching as the House bill, credit union and bank lobbyists are shining a positive light on it as a good step.

Lawmakers and financial services interests are hoping the bill will speed right through the Senate and to the president’s desk. “It looks like it [will]. It had broad-based bipartisan support,” NAFCU Director of Legislative Affairs Brad Thaler said of the bill that passed through the 20-minute committee markup May 4 by voice vote.

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