12/07/2021
https://congress.gov...
"As a former small business owner, I am aware of the difficulty of complying with some of these regulations and having the staff to meet those compliances."
"As I understand it, in Section 1002 of Dodd-Frank, it explicitly gives the CFPB the authority to exempt credit unions from certain regulations and smaller institutions."
"I must admit, as I have listened to the testimony today, my heart has raced and my palms have grown sweaty because not too many years ago I was an owner of a small business."
"I know--I would like to think I know how a lot of these businesses think, and you will not be surprised that many of them find institutions difficult to navigate."