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House committee considers bill to benefit small biz

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WASHINGTON (May 30, 2014) — The House Committee on Financial Services is considering a bill that would establish a 12-member Small Business Advisory Board within the Consumer Financial Protection Bureau (CFPB).

According to the language of H.R. 4383, the advisory board would advise the bureau on the exercise of its functions under federal consumer financial laws, and also provide information on emerging practices within small businesses that provide eligible financial products or services.

The Financial Services Committee’s Housing and Insurance Subcommittee held a hearing on H.R. 4383 and similar bills May 21. Andrew Pincus, representing the U.S. Chamber of Commerce, testified on behalf of the bill.

“The Chamber repeatedly has urged the CPFB to improve its outreach to small business, and this measure would create an important mechanism for increasing the voice of small business at the CPFB,” Mr. Pincus said.

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TB Reader Poll

Previous | Published May 21, 2018

With one-third of 2018 in the books, how would you characterize business thus far?

Sales are behind where we were last year at this point.
29% (36 votes)
Our sales are about the same as last year.
20% (25 votes)
The first four months have been extremely strong; let's hope we can maintain it.
33% (41 votes)
One month up, one month down ...
18% (22 votes)
Total votes: 124
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