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Representative Spencer Bachus (R-Ala.), the most senior Republican on the House Financial Services Committee told attendees of CUNA’s Governmental Affairs Conference on Feb. 24 that it was time for Congress to lift the cap on credit union’s business lending.

“I think that among the strongest things you have is that your reputation has survived [the financial crisis],” he said and then, referring to Rep. Barney Frank who preceded him to the podium, Bachus added that he had heard Frank refer to member business lending as controversial.

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