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Court Issues Nationwide Stay of CFPB s Section 1071 Small Business Lending Rule | Insights

On Oct. 26, 2023, the U.S. District Court for the Southern District of Texas issued a nationwide injunction prohibiting the Consumer Financial Protection Bureau (CFPB) from implementing or enforcing its Small Business Lending Rule, which was crafted to implement Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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Court Issues Nationwide Stay Of CFPB s Section 1071 Small Business Lending Rule - Financial Services

On Oct. 26, 2023, the U.S. District Court for the Southern District of Texas issued a nationwide injunction prohibiting the Consumer Financial Protection Bureau (CFPB) from implementing or enforcing its Small Business.

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Court Issues Injunction on Small Business Lending Rule

Court Issues Injunction on Small Business Lending Rule
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Court puts CFPB small-business data collection rule on hold nationwide

Court puts CFPB small-business data collection rule on hold nationwide
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Senate votes to override CFPB small business lending rule | Ballard Spahr LLP

On Wednesday, by a vote of 53-44, the Senate voted to approve S.J. 32, the resolution introduced under the Congressional Review Act (CRA) to override the CFPB’s final Section 1071 small.

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