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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 August 11, 2016

How stiff is the competition from car dealers selling tires in your area of operation?

Not stiff at all, it's negligible
21% (20 votes)
Pretty intense but I'm holding my own and haven’t lost many sales
26% (24 votes)
It's moderately competitive but I’ll always beat their deals
22% (21 votes)
I've adjusted how I approach tire sales and it seems to be working to my benefit
15% (14 votes)
I'm ready to give up and look for another line of work
16% (15 votes)
Total votes: 94
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