Tillis, Colleagues Urge CFPB to Halt Unfair Small Business Data Collection Rule
September 07, 2023
September 07, 2023
WASHINGTON, Sept. 7 -- Sen. Thom Tillis, R-North Carolina, issued the following news release:
Senator Thom Tillis recently joined six Senate Banking Committee Republicans in urging the Biden Administration's Consumer Financial Protection Bureau (CFPB) to halt the effective date of the Dodd-Frank Section 1071 small business data collection rule for all banks. The rule would require banks to collect sensitive personal data on small business owners when they seek a loan.
Senator Thom Tillis recently joined six Senate Banking Committee Republicans in urging the Biden Administration's Consumer Financial Protection Bureau (CFPB) to halt the effective date of the Dodd-Frank Section 1071 small business data collection rule for all banks. The rule would require banks to collect sensitive personal data on small business owners when they seek a loan.