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CFPB still collecting comments about small biz lending

CFPB still collecting comments about small biz lending

WASHINGTON, D.C. — In all the hullabaloo surrounding the effort to repeal, and maybe replace, the Affordable Care Act, another deadline came and went. July 14 was supposed to be the last day that small businesses and others could respond to a request for comment from the Consumer Financial Protection Bureau on how it should begin collecting data on small-business lending.

The good news for interested, but busy, parties is that the deadline for commenting has been extended — trade groups for financial institutions complained that two months was simply not enough time to get their thoughts together on such a complex issue. The new deadline is September 14.

No small businesses have responded to the CFPB’s request for information, reports Forbes, unless you count a handful of local banks.

Submit your comments to the CFPB here.

Read the original article at Forbes.


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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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