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Rep. Ed Royce (R-Calif.), introduced a bill on Thursday that would provide relief for credit unions by lifting the member business lending cap for certain residential loans.

“The Credit Union Residential Loan Parity Act is a common sense fix that frees up more than $5 billion in additional capital for small businesses and job creation. The bill treats loans financing the purchase of a 1-4 unit building as real estate loans rather than business loans; as they are currently treated by banking regulators,” Royce told CU Times.

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