WASHINGTON—House Small Business Committee Chairman and House Financial Services Committee member Rep. Roger Williams (R-TX) has sent a letter to the CFPB flagging what he said could be adverse effects recent rulemakings could have on small businesses.
"Far too often, the federal government fails to consider the impacts that its regulatory agenda has on small businesses,” Williams wrote to the Bureau. “The latest round of rules is just another example of the interests of small businesses being disregarded in the rulemaking process.
‘Redundant Requirements’
“Whether it be saddling our country’s optometrists with redundant requirements, restricting access to credit in local communities by kneecapping small credit firms, hamstringing the construction of energy transformers amid historically high energy costs, or orchestrating an unprecedented overreach into how ranchers can use their land, all these new rules add more red tape and costs to our country’s innovators,” Williams continued.
Williams also called on the Biden Administration to “keep the concerns of small businesses at the front of mind.”
Feeling the FOMO Fever? CUToday.info Has a Prescription
Are you missing out on the latest news in credit unions? Missing the trends and developments you need to be aware of? We can help. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.