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small-business-coalition-highlights-issues-for-bureau-20230914233906.pdf
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Summary

A US Chamber of Commerce-led coalition provided Treasury Secretary Timothy Geithner with recommendations for the Consumer Financial Protection Bureau (CFPB), urging a "nimble, effective, transparent, and fair" bureau that ensures access to affordable credit. The recommendations include:
1. Developing an effective structure for consumer protection and economic growth.
2. Empowering consumers through clear disclosures.
3. Preventing duplicative regulation of Main Street businesses.
4. Preserving small business access to credit.
5. Ensuring coordination with federal and state regulators.
6. Deferring rulemaking until a director is confirmed. Elizabeth Warren addressed similar issues, noting that clarity in disclosures will benefit consumers and small businesses, and that the CFPB will focus on transparency to help small providers.

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Description

A US Chamber of Commerce-led coalition provided Treasury Secretary Timothy Geithner with recommendations for the Consumer Financial Protection Bureau (CFPB),...

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  • File Format: PDF
  • File Size: 58 KB
  • Pages: 1
  • Language: EN
  • Total Downloads: 74
  • Last Updated: 1 month ago

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