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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the CFPB, in my opinion, has rightfully been criticized, based on our first discussion, about going outside their rulemaking, outside their authority.
President Biden is putting West Virginians out of work and suffocating our economy.
But it sounds like you would agree the SEC doesn't have the legal authority to enact climate policy?
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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