| As Senate Act
Against Small Business Data
Moves Past House Rules BofA
Cheated HMDA
by
Matthew Russell Lee, Patreon Book
Substack
SOUTH
BRONX NY,
Dec 1 –
The long delayed small
business data reporting
provision of the Dodd Frank
Act is in play again in
Congress.
This while
Bank of America was just outed
and fined for gaming the Home
Mortgage Disclosure Act for
four years or more, and fined
for it.
On November
28 the House Rules Committee
held a hearing to move forward
S.J.Res. 32, targeting the
CFPB's rule.
Pennsylvania Rep.
Scanlon pointed out at the
COVID PPP loan program went in
the first instance to the
"concierge" clients of big
banks. (There was also much
related fraud, which Inner
City Press reported on daily
in the SDNY and other Federal
courts).
New Mexico
Rep. Leger Fernandez pointed
out the lack of access to
capital in rural area.
S.J.Res. 32 is
slated to come up on the House
floor, like George Santos,
this week. NCRC resources here;
Inner City Press will stay on
this - and on Bank of America
and its kin.
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2023 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
