Editor’s Note: Cross-posted from OIRA Watch.
From: ACA International
The panel will provide feedback on how the Consumer Financial Protection Bureau’s payday lending proposals under consideration will impact small businesses affected by the rules.
On March 26, along with the proposals themselves, the Consumer Financial Protection Bureau released a list of discussion questions to be considered by small business representatives selected to participate in a meeting to discuss proposals under consideration related to payday and other forms of lending. This meeting, commonly referred to as the SBREFA panel meeting, is required by the Small Business Regulatory Flexibility Act (SBREFA) and is the next step in the rulemaking process.