A coalition of conservative groups is urging the incoming Trump Administration to retain the NCUA's Member Business Loan regulations and to support legislation to loosen business lending even more.

"As conservative, libertarian, and free-market organizations concerned about government regulatory overreach, we applaud the steps you and your transition team are taking to root out regulations that provide little value and obstruct job growth," the groups said in a letter sent Tuesday to President-elect Trump and Vice President-elect Pence.

However, the group said that the business lending rule "advances our goals of less government and more freedom."

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