[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: Small Business Lending
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…
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…
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…
New Census data hints at slower pace for small business formation
[ad_1] Data from a Census Bureau report released Monday indicates the three-year boom in small business startups may be losing steam heading into 2024.Vasyl – stock.adobe.com Fresh data from the…
Resilient small businesses bolster community banks’ credit quality
[ad_1] Small businesses have proven resilient despite concerns over a potential recession and rising interest rates. Owners have continued to make their loan payments on time, and approval rates for…
5 things to expect at American Banker’s Small Biz Banking 2023 conference
[ad_1] Banks across the spectrum of size and location serve small businesses — but they all do it differently. At American Banker’s Small Biz Banking 2023 conference in Nashville from…
Small-business owners face a punishing cocktail of labor shortages, inflation and rising rates. But some are finding fresh ways to thrive.
[ad_1] Business at Linda’s Bar and Grill in downtown Chapel Hill, N.C. had been booming before the pandemic. After the college town emptied and the restaurant shuttered for most of…