Hill Votes to Ensure Small Businesses Have a Voice in CFPB Regulations

For more information, contact: Mike Siegel, (202) 225-2506

Today, after the House passed H.R. 1195, the Bureau of Consumer Financial Protection Advisory Board Act, by a vote of 235-183, Congressman French Hill released the following statement...

Today, after the House passed H.R. 1195, the Bureau of Consumer Financial Protection Advisory Board Act, by a vote of 235-183, Congressman French Hill released the following statement:

“As a former community banker, I know firsthand the importance of the relationship between community banks and small businesses, and the positive impact that relationship has on local economies across Arkansas and America. However, the expansive list of regulations created by Dodd-Frank has hurt community banks, lessened consumer choice, and constrained capital and affordability for small businesses. This bill would ensure small businesses, as well as credit unions and community banks, have a voice to provide input on rules that directly impact their ability grow and succeed.”

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