A bipartisan group of senators, led by Banking Chairman Mike Crapo (R-Id.) Monday unveiled changes to Dodd-Frank that eschews a controversial overhaul of the CFPB in favor of other that credit union trade groups said would provide them with much-needed regulatory relief.

The groups emphasized the importance of several provisions, including one that would provide that a 1- to 4-family dwelling that is not the primary residence of a member not be considered a member business loan under the Federal Credit Union Act. 

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Credit Union Times

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