[ad_1] A motion to override President Biden’s veto of a Congressional Review Act motion to nullify the Consumer Financial Protection Bureau’s small business data collection rule failed in the Senate…
Tag: Regulation and compliance
California law targeting small-business loan fees takes effect
[ad_1] The law that took effect at the start of the year is the latest effort by California state lawmakers to add protections for small-business borrowers.David Paul Morris/Bloomberg A new…
Federal judge upholds California’s small business lending disclosures
[ad_1] California’s small business lending disclosure rule — which was finalized last year and passed by the state legislature and singed into law in 2018 — was upheld in a…
The danger of kneecapping the CFPB’s small-business data rule
[ad_1] Congress’ passage of a Congressional Review Act resolution to rescind the Consumer Financial Protection Bureau rule requiring banks to compile and submit small-business lending data is akin to mortgage…
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…
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…
Ripple, Coinbase licensed in Singapore; Revolut under fire in the U.K.
[ad_1] Ripple, Coinbase licensed in Singapore; Revolut under fire in the U.K. American Banker [ad_2] Source link
Bankers, be honest with small businesses about international payments
[ad_1] Regulators and policymakers need to do more to support small businesses that make and receive international payments, write Brigit Carroll and Grant Hannah.wichayada – stock.adobe.com Just because small businesses…
CFPB’s small business data collection rule hits banks at ‘the worst time,’ analysts say
[ad_1] The Consumer Financial Protection Bureau will release a rule by March 31 requiring that data be collected on applicants for a wide range of small business credit products. The…
Latest global payments news
[ad_1] Latest global payments news, March 22, 2023 | PaymentsSource American Banker [ad_2] Source link