The Future of CFPB Small Business Lending Regulation
- Franca Gutierrez
In this article published by Law360, Michael Gordon and Franca Harris Gutierrez highlight the role played by the Consumer Financial Protection Bureau in regulating small business lending.
Broadly speaking, the bureau's jurisdiction is limited to the marketplace for consumer financial products and services (i.e., financial products or services used for personal, family or household purposes). However, the bureau does have limited jurisdiction over small business lending, and has recently taken steps to begin more active oversight of this market. Read the full article.