[ridextreme]

Bingo!

From the American Bankers Association this morning...

“Meanwhile, the CFPB will build a new focus on small business lending, assembling a team and conducting research in advance of an eventual rule requiring the collection of business lending data. The bureau also said it will work to begin collecting complaints about small business lending.”

http://bankingjournal.aba.com/2016/0...on-cfpb-radar/

I sure hope the CFPB is going to be able to lend money at a lower cost, or direct small businesses with horrible personal credit, bank statements and financials to secure a loan elsewhere.

[BankComplianceGuy]

I sure hope the CFPB is going to be able to lend money at a lower cost, or direct small businesses with horrible personal credit, bank statements and financials to secure a loan elsewhere.

That's a strawman argument. Says nothing of usury caps or minimum qualification requirements, simply complaints. That will likely start with those merchants that got duped by the more pernicious brokers or funders.