Pipeline · Bill → Law
Step 1
Introduced
Jun 15, 2023
Step 2
Referred
Jun 15, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill applies specified consumer lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
Timeline · 2 actions
Jun 15, 2023
Introduced in House
Jun 15, 2023
Referred to the House Committee on Financial Services.