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Senators urge expedited small business data rulemaking
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Dodd-Frank Basics
Tuesday, July 14, 2015
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Nineteen Democratic Senators – including Sen. Elizabeth Warren (D-Mass.) – have sent a letter to Consumer Financial Protection Bureau Director Richard Cordray, urging the bureau to expedite its rulemaking on publicly available small business loan data pursuant to Section 1071 of the Dodd-Frank Act. The letter follows an Op-Ed in which consumer groups called for President Obama to denounce Cordray for the bureau’s lack of action on this amendment.
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