Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
On June 28, 2023, the Consumer Financial Protection Bureau (CFPB) issued 15 pages of Regulation B small business lending Frequently Asked Questions (FAQs). The FAQs were released the same day the CFPB held a webinar about the new rule (the webinar was only announced by the CFPB about a week before it was held). The FAQs are broken into two categories: institutional coverage, and covered credit transactions and small businesses.
The institutional coverage FAQs address a variety of topics, including the following:
The covered credit transaction and small business FAQs address a variety of topics, including the following:
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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