CFPB Hits Back At Bank Challenge To Small-Biz Lending Rule

By Jon Hill (April 15, 2024, 7:26 PM EDT) -- The Consumer Financial Protection Bureau has urged a Texas federal judge to dispense with an industry-backed challenge to its now-stayed reporting requirements for lenders in the nearly $2 trillion small-business loan market, arguing much of the case boils down to a beef with Congress for mandating the requirements in the first place. ...

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