Center for Responsible Lending: House Passes Bill to Prevent Transparency in Small Business Lending
December 02, 2023
December 02, 2023
WASHINGTON, Dec. 2 -- The Center for Responsible Lending issued the following statement on Dec. 1, 2023:
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The U.S. House today passed a resolution, S.J.Res. 32, under the Congressional Review Act (CRA) to repeal the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule of the Dodd-Frank Act, which requires financial institutions to collect and report data on credit applications to the Bureau and the public.
President Biden has indicated . . .
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The U.S. House today passed a resolution, S.J.Res. 32, under the Congressional Review Act (CRA) to repeal the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule of the Dodd-Frank Act, which requires financial institutions to collect and report data on credit applications to the Bureau and the public.
President Biden has indicated . . .