The Consumer Financial Protection Bureau's recent Section 1071 rulemaking on small business lending data collection exposed a deeper problem that has plagued the CFPB since its inception, which is a weak statutory requirement to analyze costs and benefits.
Mooney criticizes the CFPB's weak cost-benefit analysis requirements.
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I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), add the following: Sec. _. None of the funds made…
I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made…
I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.
I introduced H.R. 804, the Chinese CBDC Prohibition Act of 2023. This bill prohibits U.S. money services businesses from engaging in transactions involving a central bank digital currency issued by China.
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