The Senate Banking Committee on Tuesday is slated to mark up its version of a regulatory overhaul bill for financial institutions—legislation that is supported by credit union trade groups.
The bill calls for exempting one-to-four unit, non-owner occupied residential loans from a credit union's member business lending cap.
The legislation also would exempt depository institutions that have originated fewer than 500 open-end lines of credit and closed-end mortgages in the past two years from certain Home Mortgage Disclosure Act requirements.
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