The Clock is Ticking: CFPB Blankets Small Business Banking ConferenceNovember 17, 2015 | By: Sean Murray
At the Small Business Banking conference in Nashville, the CFPB is making its presence known by peppering attendees with this handout:
While not surprising considering they have been advertising this position on LinkedIn, it shows a concerted effort to not only recruit, but also to subtly inform everyone that their involvement is just around the corner.
What is alarming is that the assistant director for small business lending is said to play a role in rulemaking. As you may not be aware, the CFPB has legislative power that can bypass Congress even though it’s part of the executive branch.
Would you like to play a proactive role to protect the industry, improve its reputation, and educate government policy makers? Now is the time to consider joining the Coalition for Responsible Business Finance.
CRBF Executive Director Tom Sullivan
c/o Nelson Mullins Riley & Scarborough
101 Constitution Avenue, NW
Washington, DC 20001
Learn more at: http://www.responsiblefinance.com/Last modified: November 17, 2015
Sean Murray is the founder of deBanked, an 11-year veteran of the merchant cash advance industry, a casual Lending Club and Prosper note investor, the co-founder of Daily Funder, an alternative lending speaker, consultant, writer, and enthusiast. Connect with me on LinkedIn or follow me on twitter.