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The law creating the special fund allowed banks to use money from that program to repay their bailouts. By repaying TARP funds, banks were able to escape limits on executive compensation and other restrictions. The Treasury Department disputed the report's findings. It said in a letter to Romero that banks that received TARP funds and tapped into the special lending fund "significantly increased" their small business lending. Those banks shouldn't be compared only with banks that didn't receive bailouts and used the fund, Treasury said. The banks that received TARP funds increased their small business lending by $3.6 billion compared with levels before the special fund was established, Treasury said. That increase is about 40 percent of the total increase in small business lending reported by all banks that tapped into the fund, it added.
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