[ad_1] The RBFC has filed a lawsuit against the CFPB over its data collection rules that are scheduled to go into effect this year. As readers may…
Tag: CFPB
Continuing Saga of CFPB 1071 Small Business Data Reporting Rule | JD Supra
[ad_1] On December 19, 2023, President Biden vetoed a Congressional resolution that would have nullified a Consumer Financial Protection Bureau rule requiring lenders to report demographic information about small business…
CFPB Small Business Rule Challenged by Revenue Based Finance
[ad_1] The Consumer Financial Protection Bureau exceeded its authority when it imposed data collection and reporting obligations on institutions that provide financing to small businesses in exchange for a percentage…
President Biden vetoes bill on CFPB small business data rule | JD Supra
[ad_1] On December 19, President Biden vetoed bill S. J. Res. 32 that would have repealed the CFPB’s small business data collection rule known as “Small Business Lending Under the…
Biden vetoes Republican-led push to overturn new CFPB rule
[ad_1] President Joe Biden On December 19, President Joe Biden vetoed a resolution that would have repealed the Consumer Financial Protection Bureau’s (CFPB) small-business lending rule. The CFPB’s rule requires…
CFPB 1071 small-business loan rule to force tech upgrades
[ad_1] A new regulation meant to prod banks to lend more to minority and women-owned small businesses will require some to completely rethink their entire small-business lending process, including the…
House votes to repeal CFPB small-business data collection rule
[ad_1] The House of Representatives voted, by a 221-202 margin, to repeal a Consumer Financial Protection Bureau regulation mandating small-business lenders compile borrower demographic information. The legislation will proceed to President…
House votes to nullify CFPB small-business data rule
[ad_1] “Requiring lenders to provide this information infringes on small-business owners’ right to privacy about their personal and business information when applying for credit,” Rep. Roger Williams, R-Texas, said in…
CUNA, NAFCU suggest CFPB changes, highlight CU concerns
[ad_1] CUNA and NAFCU suggested principles the Consumer Financial Protection Bureau (CFPB) should operate under and made other recommendations on the CFPB’s structure, rulemaking, and more in a letter sent…
Court puts CFPB small-business data collection rule on hold nationwide
[ad_1] A federal judge extended an injunction against the Consumer Financial Protection Bureau’s small business data collection rule nationwide pending the outcome of a Supreme Court case challenging the constitutionality…