In the News Today - July 12, 2017

July 12, 2017

House Small Business Chair Asks CFPB to Explain Rulemaking Actions: The head of the House Small Business Committee, Steve Chabot (R-Ohio) sent a letter to CFPB Director Rickard Cordray asking for more information on the agency’s recent rulemaking actions. The committee wants to know more about the CFPB’s request for information on the small business financing market.  “As Congress looks for ways to create an environment for small businesses to flourish, the committee is wary of increased reporting requirements and onerous regulations, which acutely impact small businesses,” said Chabot. (The Hill)