H.R. 8443 · 117th Congress
Making the CFPB Accountable to Small Businesses Act of 2022
- Stage
- In committee
- Sponsor
- Scott Fitzgerald
- Introduced
- 2022-07-20
- Latest action
- 2022-11-01 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Summary
Making the CFPB Accountable to Small Businesses Act of 2022
This bill eliminates the requirement that financial institutions must collect data regarding loans made to women-owned, minority-owned, or small businesses. In addition, the Consumer Financial Protection Bureau must justify its decision to not adopt certain alternatives to regulations applicable to small entities.