House Democrats Urge CFPB to Create Small Business Loan Reporting Rule


Led by Rep. Donald Payne Jr. (D-NJ) and Rep. Chris Van Hollen (D-MD), 82 House Democrats wrote a letter urging CFPB Director Richard Cordray to restructure the collection of small business lending data in order to help lending institutions better understand the financial needs of these businesses. The letter comes less than two months after Senate Democrats penned correspondence to Cordray asking for the same thing. Continue reading