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An in-depth look at NCUA’s commercial lending rule
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Financial Stability, Legislation
Friday, February 26, 2016
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As part of its Regulatory Modernization Initiative, the National Credit Union Administration amended its member business loans rule to eliminate the current MBL waiver process by adopting a principles-based rule. The rule also modifies the single-borrower limitation to exclude the government-guaranteed portion of a loan and narrows the scope of ineligible borrowers under the rule’s prohibited activities provision. Read on for more details.
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