Credit unions with assets of $10 billion or less wouldn't be subject to an inspection by the proposed Consumer Financial Protection Agency, under an amendment likely to be introduced on the House floor when lawmakers consider the measure.
The amendment would raise the exemption level from $1.5 billion and place credit unions at the same level as banks, according to several sources close to the discussions.
A spokesman for House Financial Services Committee Chairman Barney Frank (D-Mass.) did not return several e-mails seeking comment.
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