A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires...
- A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by the U.S. Consumer Financial Protection Bureau that requires lenders to gather demographic data on small business borrowers.
But industry groups including the American Bankers Association and Texas Bankers Association argued the judge should still block the rule on other grounds, leading to Monday's ruling. That data would be used to facilitate the CFPB's enforcement of fair lending laws to prevent discrimination. "It may well be that the final rule proves ill-advised as a policy matter, but that possibility does not itself make the final rule unlawful," wrote Crane, an appointee of Republican former President George W. Bush.The bureau in June extended the deadlines for lenders to comply with the rule. Those with the highest volume of small business loans are now required to collect data by July 2025.
Labor Day weekend begins Saturday, August 31 and runs through to Monday, September 2 — but the savings have already started.VANCOUVER, CANADA, Aug. 26, 2024 -- Oroco Resource Corp. is pleased to announce the filing of an independently prepared Preliminary Economic Assessment technical report for its Santo Tomas Project in Sinaloa, Mexico.
Randy Crane 5Th U.S. Circuit Court Of Appeals Demographic Data Small Business U.S. Supreme Court American Bankers Association Federal Appeals Court Small Business Loan Industry Groups
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