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WASHINGTON — Whether the Credit Union Regulatory Improvements Act (H.R. 1537) gains more momentum if a pivotal member business lending provision was scrapped still remains a relatively quiet debate.

Under CURIA, the current limit on credit union member business loans would increase from 12.25% to 20% of assets. NCUA would also be permitted to increase the minimum loan amount for defining a member business loan from $50,000 to $100,000, which CUNA, NAFCU, and others have said would open a significant source of credit to small businesses. At press time, 143 legislators had thrown their support behind CURIA.

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