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Bipartisan legislation seeks voice for small business at CFPB
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Court Report
Wednesday, April 9, 2014
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U.S. Representatives Robert Pittenger, R-N.C., and Denny Heck, D-Wash., have introduced a bill that would give small businesses a voice at the Consumer Financial Protection Bureau (CFPB). The bill, HR 4383, creates a small business advisory board at the CFPB.
The advisory board would be similar to those established by the CFPB for outreach to community banks and credit unions. Advisory boards provide clear, formal and open channels of communication between bureau staff and industry.
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