01/17/2024
https://congress.gov...
"Mr. Mitchell, section 1070 of Dodd-Frank requires information gathering regarding loans made to women and minority-owned businesses."
"While the CFPB's primary responsibility is to regulate financial products, it is clear that small financial institutions were not the cause--and I repeat, were not the cause--of the recent financial c..."
"According to a survey conducted by the Center for Responsible Lending, 83 percent of those surveyed, including 75 percent of republicans, favored tougher regulation for financial institutions."
"I urge this committee to continue to put forward the kind of legislation that will help this Nation resolve our known vulnerabilities."