American Banker, May 1, 2025, Trump’s CFPB Guts Rule Mandating Small Business Loan Data
Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, said the 1071 rule was passed by Congress and that the CFPB “must enforce it.” “We are a country made of rule of law, and the CFPB can’t simply gut rules by press releases on its whim,” Van Tol said. “No court has ever said any part of the law is a problem. “
