Small Business Fairness Law Leads to CFPB Meetings with Industry

For years, the Small Business Regulatory Enforcement Fairness Act had applied only to the Environmental Protection Agency and, more recently, to the Occupational Safety and Health Administration, or OSHA. The Dodd-Frank Act extended the law to the Consumer Financial Protection Bureau, requiring for the first time that a financial regulator meet with small institutions before proposing any rule that would significantly impact them.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Consumer-Financial-Protection-Bureau-loan-officer-compensation-1030653-1.html

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